22:14 UTC
Downtrend, retesting October base · RSI 34 · price 0.55814
Lower highs since late August; October range 0.5565–0.5710 now tested at its floor.
NZDUSD has been in a two-month downtrend from the late-August 0.5930 peak, with lower highs at the 0.5749 sept high and the 0.5710 october high. Price sits below a falling EMA(20) near 0.5641 and the EMA(50). The October rebound stalled at the 38.2% retrace of the Aug–Oct decline. The Oct 28 RBNZ hold snapped price back, and the 0.5652 bounce high capped the recovery. Price is now back on the 0.5581 rbnz low after the Q3 jobs miss undercut December hike pricing, with the 0.5565 ytd low just beneath.
Support: 0.5581, 0.5565
Resistance: 0.5652, 0.5710, 0.5749
What it said to watch
- Daily close below the 0.5565 ytd low resumes the lower-low sequence and ends the October base
- Holding the 0.5581 rbnz low keeps the 0.5565–0.5710 October range intact
- Close back above the 0.5652 bounce high would reopen the upper half of the range
- A close above the 0.5710 october high and the lower-high trendline breaks the LH chain; the 0.5749 sept high is the next pivot
- US midterm results overnight, then ADP and ISM Services Wed, could materially shift USD and this read