NZD climbed off Monday's sub-0.5650 lows through the week, extending after Thursday's soft US NFP (57K vs 110K) undercut the dollar and printed a fresh weekly high at 0.57271. Price has since drifted into a tight hold around 0.5705, easing back to the EMA(20) in thin post-holiday liquidity with RSI(14) cooling toward the midline. The 0.5700 pivot is holding as demand stepped in on each dip this week.
Support: 0.5700, 0.56945, 0.56705
Resistance: 0.57271, 0.5719
What it said to watch
H1 close below 0.5700 pivot would confirm a lower-low and break the higher-low sequence
H1 close above 0.57271 weekly high reopens the path to continuation
RBNZ decision + MPS Jul 8 02:00 UTC could materially shift this read
Kiwi rallied off sub-0.5660 lows to a weekly high at 0.5725 after Thursday's soft US NFP (57K vs 110K) undercut the dollar into Friday's holiday session. Since then price has coiled between 0.5705 and 0.5720, drifting to 0.5703 and slipping under the EMA(20) as RSI(14) cooled toward 44. The 0.5700 pivot has held under repeated tests; weekly high still caps the topside.
Support: 0.5700, 0.56705, 0.56576
Resistance: 0.57271, 0.57169
What it said to watch
H1 close back above 0.57169 reopens the 0.5725 weekly high
Loss of 0.5700 pivot exposes the 0.56705 swing low
RBNZ decision & MPS wording Wed 02:00 UTC could reset this range
The kiwi opened near 0.5650 Monday and rallied through the week, spiking to a 0.5727 weekly high on Friday's soft US NFP print (57K vs 110K) that undercut the dollar. Since then price has coiled in a tight range around 0.5705–0.5712 in thin holiday trade, slipping just under EMA(20) with RSI(14) cycling back to the midline. The 0.5727 high capped the last push and 0.5700 has held as a pivot.
Support: 0.5700, 0.56933, 0.56576
Resistance: 0.5712, 0.57271
What it said to watch
H1 close above 0.57271 resumes the uptrend
Loss of 0.5700 pivot opens 0.56933 recent low
RBNZ decision + MPS Wed Jul 8 02:00 UTC could materially shift this read
Higher highs into 0.5727, now consolidating above 0.5700.
NZD/USD climbed off Monday's sub-0.5650 open and spiked to a weekly high of 0.5727 on Friday's soft US NFP (57K vs 110K), which broadly undercut the dollar. Since that peak price has drifted into a tight consolidation above the 0.5700 pivot through thin, US-holiday liquidity, with RSI cooling back toward neutral. Price is holding under EMA(20) while the rising sequence of higher lows from midweek stays intact.
Support: 0.5700, 0.56705, 0.56631
Resistance: 0.57271, 0.5716
What it said to watch
H1 close above 0.5727 reopens the path higher; loss of 0.5700 pivot exposes the 0.56705 swing low
RBNZ decision + MPS on Jul 8 02:00 UTC (25bp to 2.50% expected) could materially shift this read
NZD/USD ran to a 0.57271 weekly high after Thursday's soft US NFP (57K vs 110K) undercut the dollar through the NY session, then eased into a tight 0.5705–0.5712 consolidation over the holiday-thinned session. Price is now hugging EMA20 with RSI(14) cooling back toward 46 after the impulse, while the 0.5700 pivot has held as the base of this week's higher-low sequence. The 0.57271 weekly high remains the capping level after two stalls.
Support: 0.5700, 0.56929, 0.5665
Resistance: 0.5710, 0.57271
What it said to watch
H1 close above 0.57271 reopens the path higher
Failure to hold the 0.5700 pivot confirms a lower low
RBNZ decision + MPS Wed 02:00 UTC could reset this read
Kiwi climbed off sub-0.5660 lows through the week and refreshed a 0.5727 weekly high in the NY session after Thursday's 57K US NFP miss undercut the dollar. Price has since drifted into a tight consolidation around 0.5705, sitting just under EMA(20) with RSI(14) cooling back to the mid-line. The 0.5700 pivot has absorbed the pullback while 0.5725 caps the topside.
Support: 0.5700, 0.5690, 0.5658
Resistance: 0.5725, 0.5727
What it said to watch
H1 close above 0.5725 reopens the path higher
Failure to hold 0.5700 pivot confirms a deeper pullback toward 0.5690
RBNZ decision + MPS Wed 02:00 UTC could materially shift this read