21:05 UTC
Recovery uptrend off June low, momentum into resistance · RSI 63 · price 0.58414
Higher lows since mid-June, capped at 0.5845 confluence.
NZDUSD has clawed back roughly 61.8% of the April-to-June decline, rallying from the 0.5630 base to stall right into the 0.5840-0.5845 SMA confluence that has capped the move all week — the leg driven by hawkish RBNZ repricing after last week's hike. Price is back above a rising EMA20/EMA50, with D1 RSI near 63, firm but not yet stretched. Two sessions have printed narrow-range dojis sub-0.5845, showing supply capping the recovery just under the confluence.
Support: 0.5800, 0.5748, 0.5630
Resistance: 0.5845, 0.5892
What it said to watch
- NZ Q2 CPI Mon 20 Jul 22:45 UTC is the decisive catalyst and could reset this read
- Daily close above 0.5845 confluence opens the path to 0.5892 then 0.59
- Failure to hold 0.5800 exposes the 0.5748 swing low