Every read JAFX AI made on the NZD/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:05 UTC
Downtrend, momentum easing off June low · RSI 54 · price 0.57055
Lower highs into June low, basing above 0.5630.
NZDUSD has traded a multi-month downtrend off the early-May 0.5994 high, printing a chain of lower highs into the June 0.5626 low. Price has since carved a rounded base and lifted back to the 0.5725 weekly high, helped by a broadly softer dollar after the 57K US NFP miss. Recovery holds above EMA20 but remains capped by EMA50 near 0.5878, keeping the larger swing structure lower for now.
Support: 0.5700, 0.5630, 0.5626
Resistance: 0.5725, 0.5800, 0.5878
What it said to watch
- RBNZ decision + MPS on Jul 8 (02:00 UTC) can materially reset this read
- Daily close above 0.5725 weekly high opens the path toward 0.5800 prior pivot
- Failure to hold 0.5700 pivot re-exposes the 0.5630 june low
- US ISM Services Mon could shift the dollar leg driving this bounce
21:04 UTC
Downtrend, bouncing off lows · RSI 47 · price 0.57055
Lower highs since June peak, recent higher lows off 0.5630.
Multi-month downtrend from the early-June 0.5994 peak, price trading below EMA(50) throughout the slide into the late-June 0.5630 swing low. The last five sessions have carved higher lows back to the 0.5725 weekly high as a soft US NFP print (57K vs 110K) undercut the dollar. Price is now pressing the 0.5700 pivot from below with the descending channel top still capping rallies.
Support: 0.5700, 0.5630
Resistance: 0.5725, 0.5810
What it said to watch
- Daily close above 0.5725 weekly high opens the path toward the 0.5810 prior range
- RBNZ decision + MPS Jul 8 02:00 UTC could materially shift this read
- Failure to hold 0.5700 pivot re-exposes the 0.5630 swing low