Based after midweek selloff, recovering into pivot.
NZD/USD slid from 0.5872 at Monday's open to a 0.5762 trough by midweek as safe-haven USD demand overwhelmed the hawkish Q2 CPI beat, then based and recovered to ~0.5795. Price remains pinned below the 0.5800 pivot with RSI(14) cycling back to the midline; the rebound has held above EMA20 but rallies keep stalling into 0.5800.
Support: 0.5772, 0.5762
Resistance: 0.5800, 0.5840, 0.5875
What it said to watch
H1 close above 0.5800 opens the path to the 0.5840-0.5875 zone
Failure to hold 0.5762 confirms a lower low
FOMC next week is the dominant USD driver into this range
23:03 UTC
Downtrend, stabilising off lows · RSI 51 · price 0.5795
Recovered into 0.5800 pivot after week's slide.
NZDUSD peaked near 0.5872 early in the week on the Q2 CPI beat, then trended lower through London and NY hours as broad USD strength on Middle-East safe-haven flows overwhelmed the hawkish RBNZ story, bottoming near 0.5762. Price has since carved a double bottom off that trough and recovered to the 0.5800 pivot, but rallies keep stalling just below it with RSI(14) back near 51. Holding above EMA(20) but capped under EMA(50).
Support: 0.5762, 0.5772
Resistance: 0.5800, 0.5810, 0.5850
What it said to watch
H1 close above 0.5800 pivot opens the path back toward the 0.5850 week-high zone
Failure to hold 0.5762 confirms a lower low and reopens the downtrend
Next week's FOMC is the dominant USD driver and could reset this range
NZD/USD slid from Monday's 0.5872 area down to the 0.5762 week low through midweek as a firm USD safe-haven bid overrode the hotter NZ Q2 CPI print. Price has since based and recovered above the 0.5800 pivot, aided by a weekend gap up, with RSI(14) cycling back to mid-range. The 0.5820 week cap capped rallies repeatedly and remains the immediate area to watch for rejection or break.
Support: 0.5800, 0.5772, 0.5762
Resistance: 0.5820, 0.5850
What it said to watch
H1 close above 0.5820 opens the path back toward the 0.5850 rejection zone
Loss of 0.5800 pivot re-exposes the 0.5772 swing low and 0.5762 week low
FOMC next week is the dominant catalyst and could materially shift this read
Kiwi carved a base around the 0.5760 week low twice before grinding back through the NY session to reclaim the 0.5800 pivot, RSI(14) recovering to the high-50s. The RBNZ Q2 CPI beat underpins demand but the earlier slide from 0.5872 shows the USD safe-haven bid still capping rallies. Price now sits above EMA(20) and EMA(50) for the first time since the mid-week breakdown.
Support: 0.5786, 0.5760, 0.5800
Resistance: 0.5820, 0.5850, 0.5872
What it said to watch
H1 close above 0.5820 opens the path back to the 0.5850 rejection zone
Failure to hold 0.5786 re-exposes the 0.5760 week low
FOMC next week is the dominant catalyst and could reset this read
21:04 UTC
Downtrend this week, recovery attempt off the trough · RSI 49 · price 0.5786
Lower highs into 0.5762 low, now grinding higher-lows.
NZDUSD slid all week from the 0.5872 week high, repeatedly rejected there before the USD safe-haven bid dragged the pair to a 0.5762 weekly low. Demand stepped in twice near 0.5762, forming a double bottom, and price has since recovered toward the 0.5800 pivot before easing back to sit on the EMA(20). The 0.5800 pivot capped the latest push, with RSI cycling around the midline as the pair ranges under 0.5820.
Support: 0.5772, 0.5762
Resistance: 0.5800, 0.5820, 0.5872
What it said to watch
H1 close below 0.5762 confirms a lower low and reopens the trough
Reclaim of the 0.5800 pivot opens the path back toward 0.5820
FOMC next week is the dominant catalyst and could reset this range read
21:04 UTC
Downtrend, basing near lows · RSI 49 · price 0.5786
Sold off to 0.5762 trough, recovery capped sub-0.5800.
NZDUSD slid from Monday's 0.5872 week high through midweek, bottoming at 0.5762 into the NY session as USD safe-haven demand and firm US jobless claims (187K) dominated the RBNZ CPI beat. Price has since rebounded ~0.27% but the recovery stalled at 0.5800, which capped the last attempt before the pullback to 0.5786. Sitting on the H1 EMA20 with RSI(14) cycling around the 50 line, structure remains a downtrend attempting to base.
Support: 0.5762, 0.5770
Resistance: 0.5800, 0.5834, 0.5872
What it said to watch
H1 close above 0.5800 pivot opens the path to the 0.5834 prior high
Failure to hold 0.5762 confirms a lower-low and reopens the downtrend
FOMC next week is the dominant catalyst and could shift this read