NZD/USD AI Live Scan, 1-hour chart, Monday, 8 June 2026
Every read JAFX AI made on the NZD/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:02 UTC
Downtrend, stalling off lows · RSI 47 · price 0.58084
Rebound off two-month low, now consolidating.
NZDUSD shed roughly 3% this week from 0.5935 toward the 0.5778 two-month low, the slide accelerating after Friday's hot US NFP (172K vs 85K) fuelled a broad USD bid. Price has since bounced to a 0.5837 rebound high before stalling, and is now consolidating near 0.5808 with RSI mid-range and price hugging EMA(20). The 0.5837 rebound high has capped the recovery while 0.5800/0.5778 base has held.
Support: 0.5800, 0.57778
Resistance: 0.5837, 0.5895
What it said to watch
H1 close above 0.5837 opens the path toward the 0.5895 9-day ema region
Failure to hold 0.5800/0.5778 confirms a fresh lower low
US CPI Wed 12:30 UTC could materially shift this read
NZD/USD shed roughly 3% this week, driven from Monday's 0.5931 open down to a 2-month low near 0.5778 after Friday's hot US NFP (172K vs 85K) revived a broad USD bid. Price has since recovered to consolidate around 0.5808, holding above the round 0.5800 but capped below EMA20/EMA50 as the week's recovery stalled under 0.58369. RSI(14) sits mid-range near 44, reflecting the loss of downside momentum without a fresh bullish turn.
Support: 0.5800, 0.57778
Resistance: 0.58369, 0.58871
What it said to watch
Hourly close above 0.58369 week high opens the path back toward 0.5887 lower high
Failure to hold 0.5800 round number reopens the 0.5778 2-month low
US CPI Wed 12:30 UTC could materially shift this read
22:03 UTC
Downtrend, basing after rebound · RSI 46 · price 0.58092
Rebound off two-month low, now consolidating.
NZD/USD shed roughly 3% across the week on the hot US NFP-driven USD bid, bottoming near 0.5778 — a two-month low. Buyers stepped in twice around 0.578, lifting the pair into the NY session to a 0.5837 rebound high before it stalled and rolled back to consolidate near 0.5810, just under EMA20/EMA50. RSI(14) sits in the mid-40s as the recovery loses pace.
Support: 0.5797, 0.5778
Resistance: 0.58369, 0.58288, 0.5895
What it said to watch
H1 close above 0.5837 week high opens the path toward the 0.5895 9-day ema cap
Failure to hold 0.5797 reopens the 0.5778 two-month low
US CPI Wed 12:30 UTC could materially shift this read
22:02 UTC
Downtrend, bounce fading · RSI 45 · price 0.58092
Consolidation above 2-month low after weekly slide.
H1 carved a ~3% weekly slide capped by Friday's hot US NFP (172K vs 85K), bottoming near 0.5778 before a corrective bounce stalled at 0.5837. Price has since faded back onto the EMA20 around 0.5810 with RSI in the mid-40s, consolidating just above the two-month low. Successive lower highs since the bounce peak keep the recovery contained.
Support: 0.5800, 0.5778
Resistance: 0.5837, 0.5895
What it said to watch
H1 close above 0.5837 reopens the 0.5895 9-day ema
Loss of 0.5778 confirms a fresh lower-low
US CPI Wed 12:30 UTC could materially shift this read
NZDUSD sold off hard this week, carving a fresh two-month low at 0.5778 on Monday after Friday's blowout US NFP (172K vs 85K) firmed the dollar. Price reclaimed the 0.5800 round level during the recovery and tagged 0.5837 before fading, with momentum stalling as it slips back under EMA20 into the close. The bounce off 0.5778 holds but the lower-high structure keeps the broader downtrend intact.
Support: 0.5800, 0.5778
Resistance: 0.5837, 0.5884
What it said to watch
Hourly close below 0.5800 round level reopens the 0.5778 two-month low
Reclaim of 0.5837 bounce high needed to extend the recovery toward the 0.5884 ema cluster
US CPI Wed 12:30 GMT could materially shift this read
21:04 UTC
Downtrend this week, stabilising near 0.5800 · RSI 49 · price 0.5808
Consolidation above the 0.5778 low after the NFP drop.
NZDUSD shed nearly 3% this week, with the dominant leg coming Friday as the 172K NFP beat drove a slide from 0.5880 down to the 0.5778 two-month low. Price has since clawed back above the 0.5800 round number, but the recovery stalled at 0.5826/0.5837 and is now drifting back toward EMA20 with RSI cycling around the midline. Holding below the H1 EMA50 near 0.5835, the structure is a stabilisation, not yet a turn — US CPI Wed is the next catalyst.
Support: 0.5800, 0.5778
Resistance: 0.5826, 0.5837, 0.5835
What it said to watch
US CPI Wed 12:30 GMT could materially shift this read given crowded USD longs
H1 close above 0.5837 week high would confirm a higher high and break the downtrend line
Loss of 0.5800 reopens the 0.5778 two-month low
Failure to reclaim EMA50 near 0.5835 keeps the recovery capped
Kiwi spent the week grinding lower from Monday's 0.5935 open to a 0.5778 two-month low after Friday's hot US NFP (172K vs 85K) kept the dollar firm. Price has since reclaimed the 0.5800 round level and pushed to 0.5837, but that rebound has rolled over into a tight consolidation back near EMA(20), with RSI(14) cycling around the midline. The 0.5834-0.5837 bounce high has capped progress while the broader down structure stays intact.
Support: 0.5800, 0.57778
Resistance: 0.5834, 0.5837, 0.5884
What it said to watch
H1 close above 0.5837 opens the path toward the 0.5884 ema cluster
Failure to hold the 0.5800 round level reopens the 0.5778 two-month low
US CPI Wed 12:30 GMT is the week's defining catalyst and could reset this read
20:02 UTC
Downtrend, recovery off lows · RSI 49 · price 0.58091
Basing above weekly low after impulsive drop.
NZD/USD shed nearly 3% from Monday's 0.5935 area as a hot US NFP (172K vs 85K) lifted the dollar, bottoming near the 0.5778 two-month low. Price has since reclaimed 0.5800 and built a base, with RSI(14) recovering to neutral, but the 0.5834 swing high has capped the rebound. EMA20 is now flattening just below price while the EMA50 near 0.5850 still caps from above.
Support: 0.5800, 0.5778
Resistance: 0.5834, 0.5850
What it said to watch
Hourly close above 0.5834 opens the path toward the ema50 near 0.5850
Failure to hold 0.5800 reopens the 0.5780 weekly low
Bounce off two-month low, consolidating below week high.
The kiwi shed nearly 3% on the week after Friday's hot US NFP (172K vs 85K), bottoming near the 0.5778 two-month low before a recovery back through the 0.5800 round number. Price reclaimed EMA20 and tagged 0.58369 in the prior NY session, but has since stalled and drifted lower with EMA50 still capping overhead. RSI(14) has cycled back to ~59 on the bounce without confirming a fresh impulse.
Support: 0.5800, 0.57778
Resistance: 0.58369, 0.5884
What it said to watch
US CPI Wed 12:30 GMT is the week's defining catalyst and could reset this read
Close above 0.58369 opens the path toward the 0.5884 ema cluster
Failure to hold the 0.5800 round number reopens the 0.5778 weekly low
NZD shed close to 3% this week after the hot US NFP print (172K vs 85K) drove the dollar to April highs, dragging the pair to a two-month low near 0.5778 after the weekend gap. Buyers reclaimed 0.5800 and pushed to a 0.5836 bounce high in the NY session before settling into a tight consolidation around the EMA(20) at 0.5810. RSI(14) has recovered to the mid-50s as price holds the round-number pivot.
Support: 0.5800, 0.57778
Resistance: 0.58369, 0.5884
What it said to watch
Close above 0.5836 opens the path to the 0.5884 ema cluster
Failure to hold 0.5800 reopens the 0.5778 week low
US CPI Wed 12:30 GMT is the week's defining catalyst for this read
18:02 UTC
Downtrend, bouncing off lows · RSI 51 · price 0.58139
Recovery off 0.5778 low, consolidating below 0.5837.
NZD/USD shed ground all week as Friday's hot US NFP (172K vs 85K) drove a firm USD bid, bottoming near the 0.5778 two-month low. Price has since recovered above 0.5800 and the EMA(20), with the NY session yesterday lifting it to 0.5837 before stalling; RSI(14) has cycled back to neutral near 50. The 0.5837 week high caps the rebound, and price now sits at a 38% retrace of that recovery leg, still below the EMA(50).
Support: 0.5800, 0.57778
Resistance: 0.58369, 0.5884
What it said to watch
US CPI Wed 12:30 UTC is the week's pivot and could materially shift this read
Close above 0.5837 opens the path toward the 0.5884 ema cluster
Failure to hold 0.5800 reopens the 0.5778 two-month low
NZDUSD shed ground through the week after Friday's hot US NFP (172K vs 85K) drove the dollar bid, with the slide bottoming near the 0.5778 two-month low. Price has since carved a rounded recovery back above the 0.5800 round number, peaking at 0.5837 in the NY session before pulling back to consolidate around the EMA20 near 0.5814. RSI(14) sits mid-range, recovered off oversold but momentum has flattened into the pullback.
Support: 0.5800, 0.57778
Resistance: 0.5837, 0.5884
What it said to watch
Hold of 0.5800 round number keeps the recovery structure intact
Loss of 0.5778 two-month low confirms a fresh lower-low
Close above 0.5837 recovery high opens the path to the 0.5884 ema cluster
US CPI Wed 12:30 UTC could materially shift this read
The kiwi was driven to a 0.5778 two-month low after Friday's hot US NFP firmed the dollar, then carved a rounded base and reclaimed the 0.5800 round level into the NY session. RSI(14) has lifted back to the mid-line and price is holding above EMA20 while still below EMA50; the 0.5837 week high capped the rebound before this pullback to 0.5814.
Support: 0.5800, 0.57778
Resistance: 0.5837, 0.5884
What it said to watch
Close above 0.5837 week high opens path toward the 0.5884 ema cluster
Failure to hold the 0.5800 round level reopens the 0.5780 weekly low
US CPI Wed could materially shift this read
17:03 UTC
Downtrend, recovery off the low · RSI 49 · price 0.58138
Lower highs into 2-month low, now basing above 0.5800.
The kiwi shed ground all week after Friday's hot US NFP (172K vs 85K) lifted the dollar, bottoming at the 0.5778 two-month low before reclaiming 0.5800. The NY rebound stalled at 0.5837 week high, which rejected the move and pulled price back to sit just above EMA20 with RSI(14) mid-range. Price is holding the 0.5810 range base for now while capped beneath the 0.5884 EMA cluster.
Support: 0.5810, 0.5778
Resistance: 0.5837, 0.5884
What it said to watch
H1 close above 0.5837 week high opens the path to the 0.5884 ema cluster
Failure to hold the 0.5810 range base reopens the 0.5778 two-month low
US CPI Wed 12:30 UTC could materially shift this read
16:03 UTC
Downtrend, recovery off the low · RSI 53 · price 0.58152
Lower highs into a two-month low, basing above 0.5800.
Kiwi shed ground all week on the hot US NFP print, sliding from the 0.5935 open to a two-month low at 0.5778 before recovering back through the 0.5800 round number. Price has reclaimed the EMA20 and stalled at 0.5815 — the 23.6% retrace of the weekly decline — with the 38.2% fib at 0.5837 the next barrier and RSI cycling back to neutral after oversold conditions during the drop. The string of lower highs from 0.5935 still caps any rebound.
Support: 0.5806, 0.5800, 0.5778
Resistance: 0.5837, 0.5884
What it said to watch
Hold above the 0.5800 round number keeps the recovery base intact; loss of it reopens the 0.5778 two-month low
H1 close above 0.5837 fib 38.2 opens the path toward the 0.5884 swing high
US CPI Wed (Jun 10) could materially shift this read via the USD side
The kiwi shed ground all week on the blowout US NFP (172K vs 85K) before basing at the 0.5778 two-month low and reclaiming 0.5800 into the NY session as the USD bid eased on Iran de-escalation hopes. Price is holding above the H1 EMU(20) but trading under EMA(50), and now sits right on the 23.6% retof the weekly decline near 0.5815. The 0.5837 day high has capped the rebound, with the 0.5884 EMA cluster the next supply zone overhead.
Support: 0.5800, 0.57778
Resistance: 0.58369, 0.5884
What it said to watch
US CPI Wed (12:30 UTC) could materially shift this read
Sustained move above 0.5837 opens the path toward the 0.5884 ema50 cluster
Failure to hold 0.5800 round number reopens the 0.5778 two-month low
The week opened near 0.5794 after last week's hot NFP (172K vs 85K) drove a near-3% kiwi slide; price marked a fresh 0.5778 two-month low Monday then recovered back above the 0.5800 round number as the USD eased on Israel-Iran diplomacy hopes. Price now sits above EMA20 with RSI cycling the mid-50s, but the rebound has been capped at today's 0.58369 high. The 0.5884 EMA50 cluster remains the dominant overhead barrier from this week's decline.
Support: 0.5800, 0.57778
Resistance: 0.58369, 0.5884
What it said to watch
US CPI Wed 12:30 UTC is the dominant catalyst and could materially shift this read
Close above 0.58369 opens the path toward the 0.5884 ema50 cluster
Failure to hold the 0.5800 round number reopens the 0.5778 week low
15:02 UTC
Downtrend, recovering off lows · RSI 57 · price 0.58205
Lower highs into 0.5778, higher lows forming on the bounce.
The kiwi shed ground all week, with Friday's hot US NFP (172K vs 85K) driving the impulsive leg down from the 0.5880s into a 0.5778 two-month low. Price has since clawed back above the 0.5800 round level and is holding over EMA(20), with RSI(14) recovering near 57 as higher lows build off the base. Recovery has so far stalled at the 0.58369 session high.
Support: 0.5800, 0.5778
Resistance: 0.58369, 0.5884
What it said to watch
H1 close above 0.58369 session high opens path toward the 0.5884 ema cluster
Failure to hold the 0.5800 round level reopens the 0.5780 two-month low
NZD/USD has clawed back from Monday's 0.5778 two-month low, reclaiming 0.5800 as the USD eased on Israel-Iran de-escalation hopes. The bounce stalled at 0.5834 in the NY session, where the latest bar was rejected. Price holds above a rising EMA20 but stays below the EMA50, keeping the broader weekly downtrend — driven by Friday's hot NFP print — intact.
Support: 0.5800, 0.57778
Resistance: 0.5837, 0.5884
What it said to watch
H1 close above 0.5834 would extend the recovery toward the 0.5884 ema cluster
Failure to hold 0.5800 reopens the 0.5778 two-month low
US CPI Wed could materially shift this read
14:02 UTC
Downtrend, recovery off lows · RSI 53 · price 0.58169
Basing above two-month low, recovery stalling.
NZD sold off hard after Friday's blowout US NFP (172K vs 85K), cascading to a two-month low near 0.5778 before basing since Monday's open and reclaiming the 0.5800 round level. The recovery stalled at the 0.5837 session high, with RSI cycling back to neutral and price holding above EMA20 but capped beneath EMA50. Move is currently parked at the 38.2% retracement of the post-NFP impulse.
Support: 0.5800, 0.57778
Resistance: 0.5837, 0.5884
What it said to watch
Loss of 0.5800 round number reopens the 0.5778 weekly low
H1 close above 0.5837 session high opens path toward the 0.5884 ema cluster
Kiwi carved a two-month low near 0.5778 on Friday after the blowout US NFP print, then built a rounded base through Monday's Asia and London sessions, reclaiming the 0.5800 round level into NY hours. Price now sits above EMA(20) with RSI(14) cycling up through the low-60s as the dollar bid eased. The 0.5834 area capped the latest push and is the immediate barrier overhead.
Support: 0.58143, 0.5800, 0.57782
Resistance: 0.58369, 0.5840, 0.5884
What it said to watch
Hourly close above 0.5834 opens the path toward the 0.5884 EMA cluster
Failure to hold 0.5800 reopens the 0.5778 week low
US CPI Wed 12:30 GMT could materially shift this read
NZDUSD shed ground all week after Friday's blowout US NFP (172K vs 85K) lifted the dollar, bottoming near the 0.5778 two-month low into the weekend gap. Price has since reclaimed the 0.5800 round level with RSI(14) pushing into the low-60s and price back above EMA(20), a steady recovery off the low. The 0.5834 week pivot now caps the rebound just overhead.
Support: 0.5800, 0.57778
Resistance: 0.5834, 0.5884
What it said to watch
H1 close above 0.5834 opens the path toward the 0.5884 ema cluster
Failure to hold 0.5800 reopens the 0.5778 two-month low
Recovery off two-month low, retracing the week's drop.
NZD/USD shed ground all week into a 0.5778 two-month low on the back of a blowout US NFP, then carved a base and recovered back through the 0.5800 round level this session. Price now trades above the H1 EMA(20) with RSI(14) lifting near 61, but the bounce stalls under the 0.5834 swing high that capped the prior leg down. The 0.5778/0.5794 double-base is holding for now while supply remains layered into the 0.5884-0.5890 EMA cluster above.
Support: 0.5800, 0.57778, 0.5794
Resistance: 0.5834, 0.58866
What it said to watch
H1 close above 0.5834 swing high opens the path toward the 0.5884 prior high
Loss of the 0.5800 round level re-exposes the 0.5778 two-month low
US CPI Wed 12:30 UTC could materially shift this read
11:02 UTC
Downtrend, recovery off lows · RSI 54 · price 0.58149
Lower lows into 0.5778, basing above 0.5800.
The kiwi sold off hard after Friday's hot US NFP (172K vs 85K), printing a two-month low near 0.5778 before clawing back above the 0.5800 round pivot through this session. Price now sits just above EMA(20) but under EMA(50) near 0.5835, with RSI recovering off oversold as the latest low held above the worst of the slide. The dominant structure remains a downtrend; the recovery is so far a base-building grind back toward 0.5834.
Support: 0.5800, 0.57778
Resistance: 0.5834, 0.5884
What it said to watch
Sustained H1 close above 0.5834 swing res opens path to the 0.5884 ema cluster
Failure to hold 0.5800 round pivot reopens the 0.5778 two-month low
US CPI Wed Jun 10 12:30 GMT could materially shift this read
10:02 UTC
Downtrend, recovering off lows · RSI 53 · price 0.58087
Two-month low printed, basing above 0.5800.
Kiwi shed close to 3% this week as Friday's blowout US NFP (172K vs 85K) lifted the dollar and sliced NZD/USD to a two-month low at 0.5778. Price has since reclaimed the 0.5800 round number and consolidated through Monday's session, with RSI(14) recovering back toward neutral. The 0.5834 swing area caps the rebound and remains the level to watch for rejection or break.
Support: 0.5800, 0.57778
Resistance: 0.5834
What it said to watch
US CPI (Wed 12:30 UTC) could materially shift this read
Close back below 0.5778 confirms downtrend continuation
NZDUSD sold off hard through Friday's NY session after the blowout US NFP print, sliding from the 0.594 area to a 0.57778 two-month low. Since the new week opened it has clawed back toward 0.5800 on a softer USD, basing between 0.5790 and the 0.58088 session high with RSI(14) recovering off oversold. Price is hugging EMy20 but still trades below EMA50, keeping the broader weekly slide intact.
Support: 0.5790, 0.57778
Resistance: 0.58088, 0.5834, 0.5884
What it said to watch
Hourly close back under 0.5790 reopens the 0.57778 week low
Reclaim of 0.5834 pivot would challenge the lower-high structure
US CPI Jun 10 12:30 UTC is the key near-term risk to this read
08:02 UTC
Downtrend, consolidating at lows · RSI 46 · price 0.58019
Lower highs into a 2-month low, basing sub-0.5810.
NZD/USD slid through the week and accelerated Friday after the blowout US NFP print (172K vs 85K), with a weekend gap lower to 0.57778 — its lowest since April. Price has since basing-traded in a tight 0.5778-0.5808 band, reclaiming EMA20 but capped well below the EMA50 cluster near 0.585. RSI(14) has lifted off oversold to the mid-40s as the slide stalls rather than reverses.
Support: 0.57778, 0.57894
Resistance: 0.58088, 0.5834, 0.5850
What it said to watch
H1 close above 0.5834 would neutralise the lower-high sequence
Failure to hold 0.57778 confirms a fresh lower low
US CPI Wed 12:30 UTC could materially shift this read
07:02 UTC
Downtrend, momentum heavy · RSI 43 · price 0.57975
Lower highs and lower lows, consolidating at 2-month low.
NZD/USD trended lower all week, accelerating through Friday's NY session after the 172K US payrolls beat (vs 85K) powered a broad dollar bid. Price gapped lower into Monday's Asia open to a 2-month low at 0.57778 and is now consolidating around 0.5800, holding below both EMA20 and EMA50. RSI(14) is recovering off oversold but the structure of lower highs remains intact.
Support: 0.57778, 0.5789
Resistance: 0.58083, 0.5820, 0.5834
What it said to watch
H1 close below 0.57778 confirms a lower low and opens fresh downside
Reclaim of 0.5834 needed to ease the downside pressure toward the EMA cluster
US CPI Tue 12:30 UTC could materially shift this read
06:02 UTC
Downtrend, bouncing off lows · RSI 44 · price 0.57975
Lower highs, fresh two-month low.
NZDUSD remains in a clear H1 downtrend, sliding from 0.5942 early in the week to a two-month low at 0.57778 after Friday's blowout US NFP (172K vs 85K) lifted the dollar broadly. Price has bounced into the NY session and is holding around 0.5798 just below EMA(20), with RSI(14) ticking up off oversold while the late-week low printed deeper than prior swings. The 0.5808 session high and the 0.5834 prior swing cap the rebound attempt.
Support: 0.57778, 0.5790
Resistance: 0.5808, 0.5834, 0.5843
What it said to watch
H1 close above 0.5834 reopens the path to the 0.5843 swing high
Loss of 0.57778 confirms a fresh lower-low and extends the downtrend
US CPI Wed 12:30 UTC could materially shift this read
05:02 UTC
Downtrend, attempting to base · RSI 44 · price 0.58028
Lower highs and lows, consolidating above week low.
Kiwi sold off hard into Friday's NY session after the 172K US payrolls beat vs 85K expected, driving the pair to its lowest since April near 0.5778. Price gapped lower at Monday's open then steadied in a tight band around the 0.5800 round number, holding just above the week low. RSI(14) has lifted off oversold toward 44 as the slide stalls, but price remains pinned below both EMA(20) and EMA(50).
Support: 0.5778, 0.5800
Resistance: 0.5834
What it said to watch
Hourly close below 0.5778 confirms a lower low and opens the April-low zone
Reclaim of 0.5834 would challenge the descending lower-highs line
US CPI on Wed Jun 10 is the key catalyst that could shift this read
NZD shed close to 3% on the week after Friday's blowout US payrolls (172K vs 85K) supercharged the dollar, dragging the pair to its lowest since April. Price gapped lower into the new week, printed a fresh weekly low at 0.57778, and has since clawed back toward 0.5804 with RSI(14) basing off oversold — a mild bullish divergence against the lower low. Price remains capped below the EMA20 near 0.5830 with the 0.58074 swing high as the immediate hurdle.
Support: 0.5800, 0.57778
Resistance: 0.58074, 0.5830, 0.5865
What it said to watch
H1 close above 0.5830 (ema20) needed to challenge the 0.5865 prior high
Failure to hold 0.5800 round number reopens the 0.57778 weekly low
US CPI Jun 10 is the dominant near-term risk for this pair
03:02 UTC
Downtrend, attempting to stabilise · RSI 43 · price 0.58026
Lower highs and lower lows since Friday's break.
Price broke sharply lower on Friday's blowout US NFP (172K vs 85K), accelerating the downtrend through the 0.5840 supply and bottoming near 0.5778 over the weekend gap. The tape has since clawed back to 0.5802, holding below EMA20 and EMA50 with RSI(14) cycling out of oversold. The 0.5807 recent high has capped the bounce so far.
Support: 0.57778, 0.57894
Resistance: 0.58074, 0.5834
What it said to watch
H1 close above 0.5834 supply would neutralise the lower-high sequence
Failure to hold 0.5778 confirms a fresh lower low
US May CPI (Jun 10) is the next decisive catalyst for the USD leg
Lower highs, fresh weekly low after weekend reopen.
NZDUSD extended its slide through Friday's NFP beat (172K vs 85K), which drove a broad USD bid and pulled the kiwi off the 0.5880 area down to a fresh weekly low at 0.57778 on the weekend reopen. Price sits below both EMA(20) and EMA(50) with RSI(14) basing near 40 after the early-Asia bounce off 0.5778 stalled at 0.5808. The 0.5834 shelf that gave way last week now caps as overhead supply.
Support: 0.57778, 0.57894
Resistance: 0.5808, 0.5834
What it said to watch
US May CPI on Jun 10 is the dominant near-term catalyst and could reset this read
H1 close back above 0.5808 then 0.5834 would challenge the lower-high structure
Failure to hold 0.57778 confirms continuation of the lower-low sequence
Lower highs and lower lows, bouncing off week low.
Kiwi sold off hard through the week, accelerating into Friday's blowout US NFP (172K vs 85K) that revived Fed-hike talk and broke the 0.5834 base. Price bottomed at the 0.5778 week low and has clawed back four straight bars after the weekend gap, but remains pinned below EMA20 near 0.5865. RSI(14) is lifting off oversold as the bounce develops.
Support: 0.57778, 0.57894
Resistance: 0.5834, 0.5865
What it said to watch
H1 close back above 0.5834 prior base would challenge the downtrend read
Failure to hold 0.5778 week low confirms continuation lower
US CPI Jun 10 12:30 UTC could materially shift this read
NZDUSD has bled lower all week, with the decline accelerating Friday into the NY session as a blowout US payrolls print (172K vs 85K) revived Fed-hike odds and bid the dollar. Price gapped lower at this week's open and printed a fresh low at 0.57778 before a shallow bounce; price sits below both EMA(20) and EMA(50) with RSI(14) pinned in the mid-30s. Reclaimed supply at 0.5810 and 0.5834 now caps the recovery.
Support: 0.57778, 0.5775
Resistance: 0.58097, 0.5820, 0.5834
What it said to watch
H1 close above 0.5834 would break the lower-high sequence
Failure to hold 0.57778 confirms continuation of the lower lows
US CPI Jun 10 is the next major catalyst and could materially shift this read