21:03 UTC
Downtrend, fresh leg lower · RSI 39 · price 0.57936
Lower highs, support break.
NZDUSD remains in the four-month downtrend that began from the early-February 0.6076 high, carving lower highs into the 0.5994 rejection late last month. Friday's blowout US NFP print (172K vs 85K) revived Fed-hike pricing and drove a USD bid that pushed the kiwi through the 0.5834 support, closing at 0.5794 below both the EMA20 and EMA50. The 0.5810 multi-week range base has now given way, with hawkish RBNZ repricing the only offsetting support beneath.
Support: 0.5810, 0.5746, 0.5681
Resistance: 0.5834, 0.5896, 0.5994
What it said to watch
- Daily close back above 0.5834 would neutralise the support break
- US CPI Tue Jun 10 is the dominant near-term USD catalyst into FOMC
- Sustained trade below 0.5810 opens the path toward the 0.5746 swing low