NZD/USD AI Live Scan, 1-hour chart, Tuesday, 3 November 2026
Every read JAFX AI made on the NZD/USD 1-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
23:04 UTC
Downtrend, range broken lower · RSI 24 · price 0.55821
Lower highs since Monday, Mon–Tue range broken below 0.5600.
NZDUSD held a 0.5603–0.5646 range on Monday and Tuesday, capped by a line of lower highs from Monday's London-session peak. The broad Q3 jobs miss then knocked it through the 0.5600 psych level after the NY close, printing a week low at 0.5579 and leaving price below both EMAs with RSI(14) near 24, in oversold territory. The 38.2% retracement of the jobs-miss drop sits near 0.5599 and overlaps the broken 0.5600 psych level, with EMA20 near 0.5609 above that.
Support: 0.55789, 0.5567
Resistance: 0.5600, 0.5609, 0.56255
What it said to watch
An H1 close back above the 0.5600 psych level and the 38.2% fib would recast the move as a false break.
Failure to hold the 0.5579 week low exposes the 0.5567 YTD low.
A recovery through EMA20 near 0.5609 and the weekly open at 0.5626 would undo the lower-highs sequence.
US midterm results overnight and Wednesday's ADP and ISM Services releases could materially shift this read via the USD.
NZD/USD held a 0.5603–0.5652 range from Thursday through Tuesday, but highs have stepped lower since Monday's London peak at 0.5646. The jobs-miss bar dropped price about 27 pips after the NY close, through the range floor and the post-RBNZ low at 0.5584. Price now sits below EMA(20) and EMA(50) with RSI(14) near 29, and the session low at 0.5579 is the only nearby reference before the 0.5567 ytd low.
Support: 0.5579, 0.5567, 0.5560
Resistance: 0.5584, 0.5603, 0.5626
What it said to watch
An H1 close back above 0.5603 range floor (also the 38.2% fib) would turn the break into a false break
Failure to hold the 0.5579 session low exposes the 0.5567 ytd low and the 0.5560 psych level
Sustained trade below the 0.5584 rbnz low confirms the post-data repricing
US midterm results overnight and Wednesday's ADP and ISM Services could reverse or extend the USD leg
Recovery toward the 0.5626 weekly open would need the lower-highs line to give way
21:03 UTC
Range with lower highs, momentum soft · RSI 37 · price 0.56082
Lower highs pressing into flat range floor 0.5603–0.5609.
Since Friday's 0.5652 high, NZD/USD has printed lower highs at 0.5646 Monday and 0.5632 Tuesday, while the 0.5603–0.5609 range floor held on Thursday, Monday and in Tuesday's Asia session (week low 0.56025). Tuesday's rebound stalled near the 61.8% fib at 0.5632 and NY hours faded back below the week open and EMA(20) as firm JOLTS and factory orders lifted the USD. Price now sits just above the week low with RSI(14) in the high 30s, compressing into the floor ahead of the NZ jobs data.
Support: 0.56025, 0.5600, 0.5584
Resistance: 0.56173, 0.56255, 0.56315
What it said to watch
NZ Q3 labour data at 21:45 UTC and US midterm results from 23:00 UTC could materially shift this read
H1 close below the week low and 0.5600 round number breaks the range floor and exposes the 0.5584 rbnz low
H1 close above the 0.5632 lower high ends the lower-highs sequence and reopens the 0.5626 week open as support
Failure to reclaim EMA(20) near 0.5617 keeps pullbacks capped below it
20:03 UTC
Drifting lower, lower highs inside a range · RSI 38 · price 0.56093
Lower highs since Friday's 0.5652 peak inside a 0.5603–0.5652 range; price pressing the range base.
Highs have stepped lower since Friday's 0.5652 peak. Monday's London-session spike to 0.5646 faded, and Tuesday's Asia dip set the week low at 0.5603. The rebound stalled at the 61.8% retracement of that leg near 0.5632. That tue high capped the NY session as gains faded after the US JOLTS and factory orders beats, and price has slipped back below the ema20 and the weekly open to test the monday low at 0.5609, with RSI(14) near 38, short of oversold.
Support: 0.5609, 0.5603, 0.5600
Resistance: 0.5618, 0.5626, 0.5632
What it said to watch
H1 close below the 0.5603 week low confirms a lower-low and exposes the 0.5600 round number
Recovery above the weekly open and a break of the lower highs trendline near the 0.5632 tue high invalidates the descending read
NZ Q3 labour data at 21:45 UTC could materially shift this read
US midterm results overnight add USD volatility risk to the range base
Lower highs from 0.56455 against higher lows from 0.56025, narrowing consolidation.
Monday's London spike to the 0.56455 week high was fully reversed. Price now sits below the weekly open at 0.56255, and each rally since has stalled at a lower high, with the 0.56315 tuesday high capping near the fib 61.8% of that drop. Below, the 0.56025 week low from Tuesday's Asia session and today's 0.5610 ny low form higher lows, squeezing price into a tightening consolidation under EMA(20) with RSI(14) near 44, as firm US JOLTS and factory orders capped the NY rally despite the GDT beat.
Support: 0.56102, 0.56025, 0.5600
Resistance: 0.56255, 0.56315, 0.56455
What it said to watch
NZ Q3 jobs data at 21:45 UTC (~3h) could resolve the consolidation and the higher lows / lower highs squeeze
H1 close above the 0.56315 tuesday high breaks the lower-highs line and reopens the 0.56455 week high
Failure to hold the 0.56025 week low exposes the 0.5600 psych level and the 0.5584 post-RBNZ low
US midterm results from ~23:00 UTC can override the domestic data reaction
Acceptance back above the weekly open at 0.56255 would neutralise the sub-EMA(20) read
Compressing range: lower highs from 0.5646, lows holding 0.5603–0.5610.
NZD/USD has held a 0.5603–0.5646 range since Sunday's 0.5626 weekly open. Monday's London-open spike to the 0.5646 week high fully reversed, and Tuesday's Asia session set the 0.5603 week low. Rebounds have since stalled at the 0.5631 day high, near the 61.8% retracement of that drop, with a rejection there in the NY session as the USD firmed on the JOLTS beat and Iran headlines. Price now sits at the 0.5610 NY low area, below EMA(20) near 0.5620, with RSI(14) around 43 and the lower-highs and higher-lows lines converging.
Support: 0.56102, 0.56025, 0.5600
Resistance: 0.5620, 0.5631, 0.56455
What it said to watch
H1 close below the 0.5610 NY low and the higher-lows line puts the 0.5603 week low and 0.5600 round number in play
Close back above EMA(20) at 0.5620 and the 0.5631 day high breaks the lower-highs sequence, exposing the 0.5646 week high
NZ Q3 labour data at 21:45 UTC (~4h) and overnight US midterm results could materially shift this read
Wednesday's US ADP and ISM Services prints are the next USD-side risk to the range
Range 0.5603–0.5646 with descending highs since Monday.
Monday's London spike to the 0.5646 Monday high reversed. Each rally since has stalled lower: 0.5635 into Monday's NY session, then a lower high near 0.5631 twice today, with the London recovery stopping just past the 61.8% retrace. After the JOLTS and factory orders beats, USD firmness has pushed price back below the weekly open at 0.5626 and under EMA(20) during NY hours. It now sits just above the Monday low at 0.5609, with the 0.5603 week low and 0.5600 psych level beneath.
Support: 0.56087, 0.56025, 0.5600
Resistance: 0.56255, 0.5631, 0.56455
What it said to watch
H1 close below the 0.5603 week low and 0.5600 psych level would break the range floor
H1 close above the 0.5631 lower high and the descending trendline would end the lower-high sequence
NZ Q3 labour data at 21:45 UTC (~5h) could materially shift this read; a soft print puts 0.5600 under test
US midterm results from ~23:00 UTC add overnight two-way USD volatility
Repeated rejection at the weekly open at 0.5626 keeps the range capped from above
NZDUSD has rotated inside a 0.5603–0.5646 range since Sunday's open. Highs have stepped lower from Monday's London-session week high, while Tuesday's Asia-session week low at 0.5603 has been followed by higher lows near the 0.5610 London low. Price sits just under EMA(20) and the 0.5626 weekly open with RSI(14) near 47, a shallow retracement of the Monday–Tuesday drop. The 0.5600 pivot has held since the RBNZ's hawkish hold, while today's day high at 0.5631 caps the compression ahead of the NZ jobs data.
Support: 0.5610, 0.56025
Resistance: 0.56255, 0.56315, 0.56455
What it said to watch
H1 close below the 0.5603 week low breaks the higher-lows line and exposes the 0.5600 pivot
H1 close above the 0.5631 day high and the lower-highs line reopens the 0.5646 week high
Repeated rejection at the 0.5626 weekly open keeps the lower-highs sequence intact
NZ Q3 labour data at 21:45 UTC and US midterm results overnight could materially shift this read
NZDUSD has printed lower highs since Friday's 0.5652 NY-session peak, with the Monday high at 0.5646 and the Tuesday high at 0.5631. The 0.5603–0.5609 base (week low, Monday low) held through two Asia-session dips as post-RBNZ December-hike repricing kept NZD supported. Today's rebound was rejected twice at 0.5631, just shy of the 61.8% retracement of the Friday-to-Tuesday decline, and price now sits below EMA(20) near 0.5621 with RSI(14) around 49 under the lower-highs trendline.
Support: 0.5609, 0.5603, 0.5600
Resistance: 0.5621, 0.5631, 0.5646
What it said to watch
H1 close below the 0.5603 week low breaks the range floor and exposes 0.5600 psych
H1 close above the lower-highs trendline and the 0.5631 tuesday high reopens the 0.5646 monday high
Holding below ema20 at 0.5621 keeps the lower-highs sequence intact
NZ Q3 labour data at 21:45 UTC and US midterm results from 23:00 UTC could materially shift this read
14:04 UTC
Sideways with a mild downward tilt, momentum neutral · RSI 46 · price 0.56161
Lower highs inside a 0.5603–0.5652 range.
Monday's London-open push to the 0.5646 week high faded, and Tuesday's Asia session printed a 0.5603 week low before recovering. The rebound stalled near the 61.8% retrace of the Mon–Tue drop, and 0.5631 capped price twice. The Tuesday high held in early London and again in the first hour of NY. Price is now back below EMA(20) near 0.5620 with RSI(14) near 46, and the series of lower highs since Friday's 0.5652 peak stays intact even as the RBNZ-hold dip is still being absorbed above the 0.5600 round number.
Support: 0.56104, 0.56025, 0.5600
Resistance: 0.5620, 0.56315, 0.56455
What it said to watch
H1 close back above the ema20 and the 0.5631 tuesday high breaks the lower-highs sequence and reopens the 0.5646 week high
Failure to hold the 0.5610 london low exposes the 0.5603 week low and the 0.5600 round number
NZ Q3 labour data at 21:45 UTC (unemployment f/c 5.5%) could materially shift this read; a soft print puts 0.5600 in focus
US midterm results from ~23:00 UTC and JOLTS at 15:00 UTC are USD-side risks inside the next few bars
NZD/USD is pinned near 0.5624, on the 50% retracement of this week's range and on flat EMA(20) and EMA(50) that have converged around price, with RSI(14) near 52. Monday's London push to the 0.5646 week high faded. Today's Asia session printed a 0.5603 week low before demand returned, and the London open dip held the 0.5610 london low, helped by a softer USD ahead of the midterms and post-RBNZ hike re-pricing. Highs have stepped lower from last week's 0.5652 prior high to 0.5646 and then today's 0.5632 asia high, so the range is compressing beneath a line of lower highs.
Support: 0.5610, 0.5603
Resistance: 0.5632, 0.5646, 0.5652
What it said to watch
H1 close above the 0.5632 asia high breaks the lower-highs line and reopens the 0.5646 week high
Failure to hold the 0.5610 london low and the 0.5603 week low exposes the 0.5600 pivot
NZ Q3 labour data at 21:45 UTC, with US midterm results in the same window, could materially shift this read
US JOLTS at 15:00 UTC is a risk to the range during NY hours
Lower highs since Monday's week high; higher low after Tuesday's Asia low.
Monday's London spike to the 0.5646 week high met rejection and unwound through NY. Tuesday's Asia session then printed a 0.5603 week low just above the 0.5600 psych pivot. The London open dip held a higher low at 0.5610 (london low), and price now sits on the 0.5626 weekly open, a touch above EMA(20) at 0.5622, pressing the lower-highs line from Monday. A softer USD on falling oil and the RBNZ's 'delayed hike' read are keeping NZD supported. RSI(14) near 54 and ATR around 9 pips reflect the compression.
Support: 0.56221, 0.56104, 0.56025
Resistance: 0.56315, 0.56455, 0.56516
What it said to watch
H1 close above the 0.5632 tue high breaks the lower-highs sequence and puts the 0.5646 week high and 0.5652 friday high back in play
Loss of the 0.5610 london low and the 0.5603 week low would expose the 0.5600 psych pivot
Price holding or failing at EMA(20) near 0.5622 decides whether the higher low stays intact
US JOLTS and Factory Orders at 15:00 UTC could move price within the compression
NZ Q3 labour data at 21:45 UTC, overlapping US midterm results, could materially shift this read
Since the post-RBNZ recovery peaked at 0.5652 on Friday, H1 has printed lower highs: the week high at 0.5646 in Monday's London session, then the Tuesday high at 0.5632. Tuesday's Asia dip set the week low at 0.5603, and the London low at 0.5610 held above it, so the range is compressing. Price is back at the weekly open near 0.5626, just above EMA(20) and on top of a flat EMA(50), with RSI(14) near 55 and the USD heavy as oil eases.
Support: 0.5610, 0.56025
Resistance: 0.56255, 0.56315, 0.56455
What it said to watch
H1 close above the 0.5632 tuesday high breaks the lower-high sequence and opens the 0.5646 week high
Failure to hold the 0.5610 london low puts the 0.5603 week low and the 0.5600 pivot back in play
Rejection at the weekly open and the 61.8% retrace (~0.5629) keeps the lower-high read intact
US JOLTS at 15:00 UTC could shift USD tone during NY hours
NZ Q3 labour data at 21:45 UTC, overlapping US midterm results, could materially shift this read
The post-RBNZ recovery topped at 0.5652 in Friday's London session and has since printed lower highs: Monday's 0.5646 week high faded inside the London open hour and Tuesday's high capped at 0.5632, even with the USD heavy on falling oil. Tuesday's Asia-session dip to the 0.5603 week low was a false break of Monday's low and reversed, and London's drop to 0.5610 held a higher low. Price now sits at the weekly open near 0.5626, at the 50% retrace of the post-RBNZ recovery and pinned between EMA(20) and EMA(50), with RSI(14) at a mid-range 53.
Support: 0.5610, 0.56025, 0.5600
Resistance: 0.56255, 0.56315, 0.56455
What it said to watch
Hourly close above the 0.5632 Tue high breaks the lower-highs line and reopens the 0.5646 week high
Failure to hold the 0.5610 higher low exposes the 0.5603 week low and the 0.5600 psych pivot
NZ Q3 labour data at 21:45 UTC: a soft print vs the 5.5% unemployment forecast tests the 0.5600 psych level
US JOLTS at 15:00 UTC and overnight midterm results could shift the USD leg of the range
Range 0.5600–0.5652, highs compressing toward the floor.
NZDUSD has ranged between 0.5600 and 0.5652 since Wednesday's post-RBNZ wed low at 0.5595. Highs have stepped lower from Friday's 0.5652 week high, to Monday's London-open spike at the 0.5646 mon high, to today's 0.5632 tue high, and the lower-highs line now caps each bounce. A London-open drop today left price below EMA(20) and EMA(50), sitting on the 61.8% retracement of the Wednesday–Friday advance with RSI(14) flat near 49. Demand has held the 0.5600 round number area, with the 0.5603 Asia low the nearest test, and softer USD is being offset by caution ahead of tonight's NZ jobs data.
Support: 0.56025, 0.5600, 0.55952
Resistance: 0.56206, 0.56315, 0.56455
What it said to watch
H1 close below the 0.5603 asia low and 0.5600 round number breaks the range floor and exposes the 0.5595 wed low
Recovery above ema20 and the 0.5632 tue high breaks the lower-highs line and reopens the 0.5646 mon high and the 0.5650 cap
NZ Q3 labour data at 21:45 UTC, overlapping US midterm results, could materially shift this read
US JOLTS at 15:00 UTC is the NY-session USD risk inside the range
0.5600–0.5652 range; lower highs Fri/Mon, Asia dip reclaimed.
NZDUSD has held a 0.5600–0.5652 range since the dovish RBNZ hold, with the friday high at 0.5652 and Monday's London-open spike to the monday high at 0.5646 forming lower highs as the gain faded on US-Iran diplomacy headlines. Today's Asia session dipped below Monday's low to the asia low at 0.5603 before reclaiming it. Price is now back above the weekly open at 0.5626 and EMA(20), testing the asia high at 0.5632. That level sits near the 61.8% retracement of the Mon-Tue drop, with RSI(14) near 59 and ATR(14) contained at about 8 pips.
Support: 0.56255, 0.56025, 0.55952
Resistance: 0.56315, 0.56455, 0.56516
What it said to watch
H1 close above the asia high at 0.5632 and the lower-highs trendline near 0.5645 opens the path to the monday high and the friday high at 0.5652
Rejection at the 61.8% of the Mon-Tue drop keeps the lower-highs sequence intact
Failure to hold the weekly open at 0.5626 returns focus to the asia low at 0.5603 and the wed low at 0.5595
A break below the wed low at 0.5595 would clear the 0.5600 range floor
US JOLTS at 15:00 UTC, NZ Q3 labour data at 21:45 UTC and overnight US midterm results could materially shift this read
0.5595–0.5652 range with lower highs pressing on a flat floor.
NZDUSD has chopped inside a 0.5595–0.5652 band since the Oct 28 low after the dovish RBNZ hold. Friday's 0.5652 high and the rejection at Monday's London-open spike to 0.5646 printed lower highs as NZD gave back gains from the US-Iran-driven USD dip. Tuesday's Asian session found demand at the 0.5603 Asia low, just above the Oct 28 low, and the rebound has lifted price back over the ema20 to the week open near 0.5626. That area is also the 50% retrace of the Friday–Tuesday decline, with the 0.5632 session high capping for now.
Support: 0.5621, 0.5603, 0.5595
Resistance: 0.5632, 0.5646, 0.5652
What it said to watch
H1 close above the 0.5632 session high and the lower-highs trendline reopens the 0.5646 monday high and 0.5652 friday high
Failure to hold the 0.5603 Asia low and the 0.5595 Oct 28 low breaks the range floor and exposes the 0.5584 post-RBNZ low
Slipping back below the ema20 near 0.5621 returns price to the lower half of the range
US JOLTS at 15:00 UTC, midterm results and NZ Q3 labour data at 21:45 UTC could materially shift this read
06:04 UTC
Range-bound, recovering off the week low · RSI 52 · price 0.56264
Lower highs since Friday's peak; false break of Monday's low.
Since Friday's 0.5652 peak (friday high), NZDUSD has printed lower highs. Monday's London spike to the monday high at 0.56455 and the NY push to 0.5636 both faded as softer USD on falling oil was offset by the post-RBNZ NZD drag. Tuesday's Asia session dipped below Monday's 0.5609 low to the tuesday low at 0.56025, then reversed, a false break. Price is now back above the week open at 0.56255, with EMA(20) near 0.5621 and EMA(50) near 0.5624 just below. RSI(14) is around 52, and the 38.2% fib of the Oct 28–Friday rally at 0.5630 is capping the bounce.
Support: 0.56255, 0.56025, 0.55952
Resistance: 0.56301, 0.56455, 0.56516
What it said to watch
H1 close above the 38.2% fib at 0.5630 brings the lower-high line near 0.5644 and the monday high at 0.56455 back into play; the friday high at 0.56516 caps the week's range
Failure to hold the week open at 0.56255 and EMA(20) shifts focus back to the tuesday low at 0.56025 and the 0.5600 handle
A break of the oct 28 low at 0.55952 would take price out of the window's range
US JOLTS at 15:00 UTC, NZ Q3 labour data at 21:45 UTC and overnight US midterm results could materially shift this read
05:04 UTC
Short-term lower highs within a broader range · RSI 54 · price 0.56236
Lower highs and lower lows since Friday's 0.5652 top, inside the 0.5595–0.5652 range.
The week opened at 0.56255. Monday's London push to the 0.56455 week high was rejected, and Monday's NY high at 0.5636 came in lower. Price then bled through NY and into Tuesday's Asia session to a 0.56025 week low, just above 0.5600, as NZD gave back the brief oil-driven USD dip. The Asia rebound has lifted price back above the ema20 (0.5620) and onto the week open, which also marks the 50% retracement of the week's drop, with RSI(14) back near 54 and the Oct 28 swing low at 0.55952 still the range floor.
Support: 0.5620, 0.56025, 0.55952
Resistance: 0.56255, 0.56362, 0.56455
What it said to watch
An H1 close above the 0.56255 week open and the 61.8% level near 0.5629 would break the lower-high sequence and put Monday's NY high at 0.5636 back in play
A return below the ema20 and a failure to hold the 0.56025 week low would confirm a lower low and expose 0.5600 and the 0.55952 swing low
The lower-highs trendline from Friday's 0.5652 top caps rebounds near 0.5640
US JOLTS/Factory Orders at 15:00 UTC and midterm results could shift USD direction this session
NZ Q3 labour data at 21:45 UTC could materially shift this read around the 0.5600 area
Lower highs and lower lows since Friday's 0.5652 high; price below weekly open.
Monday's London-open spike to the 0.56455 week high met rejection below the 0.56516 Friday high, setting a lower high, and faded through NY as the post-RBNZ-hold weakness in NZD reasserted. Price has stayed below the 0.56255 weekly open since. Today's Asia session printed a new week low at 0.56025 before a bounce to the 38.2% retracement of the week high-low drop near 0.5619, with price sitting on a flat EMA(20), capped under EMA(50) around 0.5622, and RSI(14) neutral at 47.
Support: 0.56025, 0.5600, 0.55952
Resistance: 0.56255, 0.56455, 0.56516
What it said to watch
H1 close below the 0.56025 week low and the 0.5600 round number extends the lower-low sequence toward the Oct 28 low at 0.55952
Reclaiming the 0.56255 weekly open and EMA(50) would challenge the lower-highs line from the Friday high
Failure to clear the 50% retracement of the week high-low drop (~0.5624) keeps the bounce corrective
NZ Q3 labour data Tue 21:45 UTC (unemployment f/c 5.5%, employment f/c 0.4%) could materially shift this read
US midterm results flowing in through the session could inject USD volatility into the current range
Lower highs from 0.5652, lows now through Monday's base.
Wednesday's post-RBNZ rally from the 0.5595 week low peaked at 0.5652 in Friday's London session. Since then the pair has printed lower highs, with a rejection at the 0.5646 Monday high during London as NZD failed to hold gains on the weaker USD, followed by a fade through NY. The Asia session has pushed to a 0.5603 Asia low, below the 0.5626 weekly open and under EMA(20) near 0.5618. Price now sits around a 78.6% retrace of the rally, with RSI(14) near 39 and the lower-highs line capping each bounce.
Support: 0.56025, 0.5600, 0.55952
Resistance: 0.56185, 0.56255, 0.56455
What it said to watch
H1 close below the 0.5600 psych level exposes the 0.5595 week low and the 0.5584 post-RBNZ low beyond it
H1 close back above EMA(20) and the lower-highs line, then the 0.5626 weekly open, breaks the lower-high sequence
Holding the 0.5603 Asia low keeps the 78.6% retrace of the rally intact
NZ Q3 jobs data (Tue 21:45 UTC) could materially shift this read
US midterm results and JOLTS (Tue 15:00 UTC) drive the USD side; a retest of the 0.5646 Monday high would need a soft dollar
Lower highs from 0.5652; Monday low broken in Asia.
Highs have stepped lower from Friday's 0.5652 peak to Monday's London rejection at the 0.5646 week high, and a NY bounce stalled at 0.5636. Asia trade has now taken out the Monday low at 0.5609 and holds below the 0.5626 weekly open. Price sits below EMA(20) near 0.5619 and EMA(50), with RSI(14) near 35. Roughly 80% of last week's rally fib from 0.5595 to 0.5652 has been retraced, with NZD lagging despite a softer USD after the RBNZ's surprise hold.
Support: 0.5600, 0.55952
Resistance: 0.56086, 0.56255, 0.56455
What it said to watch
An hourly close below the 0.5600 round number and the 0.5595 swing low extends the lower-low sequence toward the 0.5584 post-RBNZ low.
A recovery back above the Monday low at 0.5609 and EMA(20) near 0.5619 would ease the lower-highs read. The 0.5626 weekly open is the next cap.
A break above the 0.5646 week high invalidates the lower-highs structure.
The US midterms and JOLTS at 15:00 UTC, then NZ Q3 labour data at 21:45 UTC, could materially shift this read.
01:03 UTC
Sideways after post-RBNZ recovery, rolling over below EMAs · RSI 42 · price 0.56128
Lower high at 0.5646 under Friday's 0.5652 high, higher-low line broken, price testing Monday low.
The recovery from Wednesday's 0.5583 RBNZ low printed a 0.5652 prior high in Friday's NY session. Monday's London rally on USD/oil weakness from US-Iran diplomacy stalled at 0.5646 and drew a rejection, producing a lower high. It was fully retraced into the Asian session, with the soft China PMI weighing on NZD. Price now sits below the 0.5626 week open and both EMAs, and the higher-low line has given way. RSI(14) is near 42, and price is pressing the 0.5609 Monday low, which aligns with the 61.8% retracement of last week's rally.
Support: 0.5609, 0.5600, 0.5583
Resistance: 0.56255, 0.56455, 0.56516
What it said to watch
H1 close below 0.5609 Monday low exposes 0.5600 psych and then the 0.5583 RBNZ low
Recovery back above 0.5626 week open would return price to the middle of the 0.5609–0.5646 range
Break above 0.5646 Monday high and 0.5652 prior high voids the lower-high read
NZ Q3 labour data at 21:45 UTC Tue could materially shift this read; a soft print threatens the 0.5600 psych pivot
US midterm results and JOLTS at 15:00 UTC Tue are two-way USD risk through the NY session
Higher lows since RBNZ low against lower highs; compressing range.
Monday's London-open rally on the softer USD stalled at the 0.5646 monday high, a 61.8% retrace of the RBNZ drop and a lower high under last week's 0.5652 prior high. Through London and NY the move was fully reversed, leaving price below the 0.5626 weekly open and EMA(20) with RSI(14) in the low 40s, as China's PMI contraction and soft NZ permits weighed. Lows have stepped up since the 0.5583 RBNZ low, but highs are compressing and price now sits just above the rising-low trendline and the Monday Asia low.
Support: 0.56086, 0.5600, 0.55827
Resistance: 0.56255, 0.56455, 0.56516
What it said to watch
H1 close below the 0.5609 monday low breaks the rising-low trendline and exposes psych 0.5600, then the 0.5583 RBNZ low
Reclaim of the 0.5626 weekly open and EMA(20) returns price to the range midpoint; a close above the 0.5646 monday high breaks the lower-high sequence toward the 0.5652 prior high
NZ Q3 labour data (Tue 21:45 UTC) could materially shift this read, alongside US midterm results and JOLTS at 15:00 UTC