21:01 UTC
Uptrend, momentum cooling after breakout · RSI 60 · price 0.59644
Higher highs and higher lows from 0.5815 base, consolidating below 0.5983 swing high.
NZDUSD broke out from a multi-week 0.5815-0.5920 range on the impulse off 0.5860, tagging 0.5991 before settling into a tight consolidation in the upper half of the move. Structure remains higher-low since 0.5815, with EMA20 rising through 0.5949 and acting as the immediate breakout retest reference. ATR has expanded with the impulse but the last several bars show momentum cooling just below the 0.5983 swing high.
Support: 0.5949, 0.5935, 0.5878
Resistance: 0.5983, 0.5991
What it said to watch
- H4 close above 0.5991 range high extends the breakout leg
- Loss of 0.5935 breakout retest opens path back to 0.5878 swing low
- US CPI release this week could materially shift this read