Every read JAFX AI made on the NZD/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Range-bound, grinding higher · RSI 58 · price 0.5891
Multi-day range, pressing upper edge.
Price has carved a broad 0.5865-0.5906 range through the window, with higher lows building since the late-month 0.5762 trough. The recent leg up to 0.5906 tracks the USD softening after Friday's -23K NFP miss; NZD remains a passenger, holding just under the range top. ATR is compressed, consistent with a coiled range ahead of a catalyst.
Support: 0.5865, 0.5850, 0.5810
Resistance: 0.5906, 0.5944
What it said to watch
- H4 close above 0.5906 range top opens the path toward 0.5944 prior high
- Failure to hold 0.5865 weekly low re-exposes 0.5850 psych level
- US CPI Wed Aug 12 is the dominant near-term driver and could reset this read
21:04 UTC
Uptrend, momentum flattening near highs · RSI 58 · price 0.5891
Higher lows intact, consolidating below swing high.
Higher-low structure intact since the late-month low near 0.5760, with price now consolidating in a 0.5865-0.5908 band just under the swing high. The latest leg toward 0.5908 followed the soft US NFP print that knocked the dollar broadly. ATR is moderate and momentum is flattening as price stalls into resistance.
Support: 0.5865, 0.5850, 0.5760
Resistance: 0.5908, 0.5895
What it said to watch
- H4 close above 0.5908 opens continuation higher
- Failure to hold 0.5865 weekly low confirms a lower low
- US CPI Wed is the dominant near-term risk to this read