19:04 UTC
Range-bound, lower highs since Jan 2026 · RSI 40 · price 0.56834
Multi-quarter range 0.5565–0.6100 with descending highs, price retesting floor.
NZDUSD has traded a broad 0.5565–0.6120 range since mid-2025. Highs have stepped lower from 0.6093 in January to the 0.5995 lower highs of May and August, and price is now back at the floor where the 2026 low at 0.5565 sits just under the 2025 low at 0.5576. Price holds below the W1 EMA(50) near 0.5785, so the macro filter still points down. This week's bounce stalled at the 0.5710 month high after the soft Q3 NZ CPI print, and W1 RSI near 40 is mid-range, not stretched.
Support: 0.5565, 0.5576
Resistance: 0.5710, 0.5785, 0.5995
What it said to watch
- Weekly close below the 2026 low at 0.5565 would break the multi-quarter range floor and confirm the lower-high sequence as a downtrend
- Weekly close above the 0.5710 month high and back over the ema50 near 0.5785 would neutralise the descending-highs read inside the range
- RBNZ decision Oct 28 (3.00% hike priced; a hold is the downside event risk) and Fed decision the same day could materially shift this read
- Only a recovery through the lower highs trendline near 0.5995 would reopen the range top