22:03 UTC
Downtrend, below falling EMA(50) · RSI 39 · price 0.55457
Lower highs and lower lows since the late-August 0.5988 peak.
NZDUSD has printed a lower-high, lower-low sequence since the late-August 0.5988 peak. The October rebound capped at 0.5710 and the early-November bounce stalled at the 0.5650 swing high, back below the ema20 at 0.5614 and the falling ema50 at 0.5667. This week's post-election pop was half erased by the hot US CPI print, leaving price 18 pips above the 0.5527 ytd low, with ATR expanding from 40 to 51 pips and RSI at 38.8, short of oversold.
Support: 0.55274, 0.5500
Resistance: 0.56136, 0.56495, 0.5667
What it said to watch
- A daily close below the 0.5527 ytd low confirms a fresh lower low, with the 0.5500 round number next
- A daily close back above the 0.5650 swing high and the descending highs line would break the lower-high sequence
- The falling ema50 at 0.5667 caps the swing structure while price trades below it
- US PPI Fri 13:30 UTC and the Fedspeak slate could materially shift this read
- RBNZ inflation expectations Tue 02:00 UTC are the main NZD-side risk to the downtrend