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
Recovery, momentum building · RSI 63 · price 0.58968
Higher lows off June base, testing range cap.
NZDUSD has recovered a full leg off the mid-June low at 0.56262, with last week's rally clearing the 0.5860 prior-highs shelf and pressing 8-week highs. The move rides a rebuilding RBNZ hawkish premium alongside a softer USD, though soft China PMIs have capped price just under the 0.5900 pivot. Price holds above both EMAs and D1 RSI sits mid-60s — firm but not yet overbought.
Support: 0.5860, 0.5770, 0.56262
Resistance: 0.5900, 0.5995
What it said to watch
- D1 close above 0.5900 pivot opens the path to 0.5995 may high
- NZ Q2 labour data Tue 22:45 UTC is the key test of the Sept RBNZ hike thesis
- Failure to hold 0.5860 prior highs signals a stall in the recovery
21:04 UTC
Recovery, testing 0.5900 cap · RSI 64 · price 0.58968
Higher lows since June, pressing prior highs.
Kiwi has recovered ~330 pips off the twin June lows near 0.5630, clearing the EMA(50) and pressing back toward the 0.5900 pivot as a September RBNZ hike gets priced in. The last three sessions accelerated the move, closing at 0.5897 just below the cap that has held twice, with the May high at 0.5995 the next major reference. Price sits above both EMA(20) and EMA(50), with the 0.5860 prior-highs zone now acting as support.
Support: 0.5860, 0.5760, 0.5630
Resistance: 0.5900, 0.5995
What it said to watch
- NZ Q2 labour data Tue 22:45 UTC is the key test of the RBNZ hike thesis and could shift this read
- D1 close above 0.5900 opens the path to the 0.5995 may high
- Failure to hold 0.5860 prior-highs support reopens 0.5760 swing low