NZDUSD has bled from Monday's 0.5710 open to fresh 7-month lows near 0.5631, with price trading below EMA(20) for most of the week. Selling pace eased after Friday's in-line US core PCE trimmed September Fed-hike odds, leaving the pair basing around 0.5635-0.5640 with RSI(14) lifting off oversold. Lower highs remain intact and the 0.5650 round level has capped each attempt.
Support: 0.56308, 0.5625
Resistance: 0.5650, 0.56575, 0.5675
What it said to watch
H1 close above 0.5650 round level breaks the lower-high sequence
Failure to hold 0.56308 week low opens the 0.5625 channel floor
US JOLTS (Jun 30) and the ADP/ISM cluster (Jul 1) could materially shift this read
NZDUSD extended its relentless week-long slide from ~0.5713 to 7-month lows near 0.5626, with price now flattening around 0.5635-0.5650 below both EMA20 and EMA50. RSI(14) sits oversold near 31, and the in-line US core PCE print offered only a pause rather than a turn — the latest bars are thin and corrective, not impulsive. The 0.5658 range top has capped each rebound attempt this week.
Support: 0.56262, 0.5625
Resistance: 0.5658, 0.56582, 0.5703
What it said to watch
H1 close below 0.5625 confirms continuation toward fresh lows
Reclaim of 0.5703 ema region needed to relieve the downtrend
US ADP/ISM Jul 1 could revive USD bid and pressure the lows
NZDUSD slid from ~0.5717 at Monday's open to a 7-month low near 0.5626, then stabilised into a 0.5635-0.5658 range over the last two sessions as in-line US core PCE trimmed Fed hike bets and softened the dollar. Price trades below EMA20 (~0.5645), with the latest bar probing the lower edge near 0.5635. Lower highs across the week keep the broader structure pointed down despite the pause.
Support: 0.56262, 0.5620
Resistance: 0.5645, 0.5658, 0.5703
What it said to watch
H1 close below 0.5625 confirms continuation toward the channel base / double-top target
Reclaim of 0.5658 range top would ease near-term downside pressure
US ADP/ISM Jul 1 could materially shift the USD-driven read