Every read JAFX AI made on the NZD/USD daily chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:04 UTC
Multi-week recovery, testing range top · RSI 66 · price 0.5892
Higher lows since June base, breakout in progress.
NZDUSD has carved a chain of higher lows off the June base near 0.5626 and reclaimed EMA(50) through July, with price now pressing the 0.5885 eight-week high after a ~1.5% weekly rally. The move is powered by post-FOMC USD weakness and hawkish RBNZ pricing; the latest two sessions broke the prior consolidation top. RSI at 66 is firm but not yet stretched, leaving the breakout unconfirmed until it holds.
Support: 0.5860, 0.5800, 0.5762
Resistance: 0.5885, 0.5940
What it said to watch
- Daily close above 0.5885 confirms the breakout and opens the path to 0.5940
- Failure to hold the 0.5860 pivot signals rejection back toward 0.5800
- NZ Q2 jobs data Tue 22:45 UTC could materially shift this read
21:04 UTC
Recovering, momentum building · RSI 64 · price 0.5892
Higher lows off June base, testing 8wk high.
NZDUSD has spent the last three months carving a base between the June low near 0.5663 and the May high at 0.5994, and this week's ~1.5% rally on post-FOMC USD softness and hawkish RBNZ pricing has lifted price back to the 0.5885 eight-week high. Price now trades above a rising EMA(50), with a chain of higher lows since mid-June defining the recovery. The last bar closed at 0.5892, edging through the 0.5885 pivot into the May-high region.
Support: 0.5860, 0.5800
Resistance: 0.5885, 0.5994
What it said to watch
- Daily close above 0.5885 opens the path to the 0.5994 May high
- Loss of 0.5860 prior-resistance-turned-support reverts price into the base
- NZ Q2 jobs data Tue 22:45 UTC could materially shift this read