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.
21:05 UTC
Downtrend, momentum slowing · RSI 43 · price 0.56997
Lower highs / lower lows, basing near June low.
NZDUSD has been in a downtrend since the May high at 0.5994, carving lower highs and lower lows into the June low at 0.5630, with price still below EMA20 and EMA50. The last two weeks show a shallow basing effort back toward the 0.5727 swing high, helped mid-week by the soft US NFP print, but commodity weakness and RBNZ uncertainty have capped the bounce near 0.5700. The recovery remains corrective while price holds below the 0.5750 bear guard.
Support: 0.5650, 0.5630
Resistance: 0.5727, 0.5750, 0.5800
What it said to watch
- RBNZ decision + MPS Wed Jul 8 is the dominant catalyst and could reset this read
- D1 close above 0.5750 bear guard would break the lower-high sequence and open 0.5800
- Failure to hold the 0.5630 june low confirms trend continuation lower
21:05 UTC
Downtrend, momentum easing · RSI 46 · price 0.56997
Lower highs, basing near June low.
NZDUSD has trended lower since the early-May peak near 0.5994, printing successive lower highs and holding below EMA(50). Late June carved a base around the 0.5626 june low, and a soft US NFP mid-week fuelled a bounce that stalled at the 0.5727 recent high before easing back to ~0.5700. Price is now pressed against EMA20 with RBNZ on Wednesday framing the next leg.
Support: 0.5650, 0.5626
Resistance: 0.5727, 0.5750, 0.5800
What it said to watch
- RBNZ decision + MPS Wed Jul 8 02:00 UTC is the dominant catalyst and could reset this read
- D1 close above the 0.5750 rbnz gate would break the lower-high sequence, opening 0.5800
- Failure to hold the 0.5650 swing low confirms a fresh lower low toward the june low