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.
21:04 UTC
Downtrend, momentum easing near lows · RSI 46 · price 0.56737
Lower highs / lower lows, basing sub-0.5700.
Downtrend since the mid-May peak near 0.5990, with price trading below a falling EMA(50) throughout the last two months of lower highs and lower lows. The kiwi has capped sub-0.5700 as US-Iran tensions lift the USD and the RBNZ hike delivered only a brief pop; a June low near 0.5630 has since anchored a two-to-three week base between 0.5630 and 0.5725. Attempts back toward the 0.5700 pivot and the 0.5725 zone have been rejected, keeping the weekly bias heavy.
Support: 0.5630, 0.5600
Resistance: 0.5700, 0.5725
What it said to watch
- D1 close above 0.5700 pivot would neutralise the sub-0.5700 cap
- Loss of 0.5630 june low confirms a fresh lower low
- US CPI Jul 14 could materially reprice this read
21:04 UTC
Downtrend, momentum flattening · RSI 43 · price 0.56737
Lower highs / lower lows, recent range.
NZDUSD has trended lower since the early-May failure at 0.5994, carving a chain of lower highs and lower lows and holding below a falling EMU(50) throughout. The RBNZ hike bounce faded fast, capping the kiwi sub-0.5700 as a firm USD leaned on it, and price has spent the last three weeks compressing between the 0.5630 swing low and the 0.5725 rejection cap. Last close at 0.5674 sits in the lower half of that range, below both the EMA20 and EMA50.
Support: 0.56308, 0.5600
Resistance: 0.5700, 0.57271
What it said to watch
- Daily close above the 0.5700 pivot reopens the 0.5725 rejection cap
- Loss of the 0.5630 swing low confirms downtrend continuation to 0.5600 psych level
- US CPI on Jul 14 could materially shift this read