Every read JAFX AI made on the NZD/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Downtrend easing, recovery underway · RSI 57 · price 0.57055
Higher lows off the 0.5630 base.
Price carved a rounded base around 0.5630 and has recovered above 0.5700, with EMA20 crossing back above EMA50 as the kiwi caught a bid on the soft US NFP miss (57K vs 110K) that undercut the dollar. The recovery leg has retraced roughly 38% of the 0.5864-0.5626 decline and stalled just under the 0.5727 weekly high. Structure shows higher lows since the base, but momentum is capped ahead of that pivot.
Support: 0.5700, 0.5658, 0.5630
Resistance: 0.5727, 0.5758
What it said to watch
- H4 close above 0.5727 weekly high extends the recovery toward 0.5758
- Failure to hold 0.5700 psych puts the 0.5658 base low back in play
- RBNZ decision + MPS Jul 8 02:00 UTC could materially shift this read
21:04 UTC
Downtrend, base building · RSI 57 · price 0.57055
Recovery off multi-week low, higher lows since 0.5628.
Multi-week downtrend from 0.5864 bottomed at 0.5628, and price has carved a rounded base with higher lows into a recovery that tagged the 0.5727 weekly high before easing back to the 0.5700 pivot. The June NFP miss (57K vs 110K) undercut the USD and fed the kiwi's bounce, lifting price back above the H4 EMA20/EMA50. Momentum is constructive but the broader lower-high structure overhead is intact.
Support: 0.5700, 0.5663, 0.5628
Resistance: 0.5727, 0.5760
What it said to watch
- RBNZ decision + MPS Jul 8 02:00 UTC could materially shift this read
- H4 close above 0.5727 weekly high opens path toward 0.5760
- Failure to hold 0.5700 pivot exposes 0.5663 swing low