09:20 UTC
Range with mid-range mean reversion · RSI 55 · price 0.59644
Broad sideways band 0.5685-0.6090.
NZDUSD has been ranging between 0.5685 and 0.6090 for roughly four months, with two distinct rejections from the 0.6080-0.6090 zone in late January and early February forming a double top. Price is currently trading mid-range near 0.5965 after recovering from the late-March swing low at 0.5680, with EMA(20) crossing back above EMA(50) over the last two weeks. RSI(14) at 55 reflects the indecisive structure — neither overbought nor oversold across the full window.
Support: 0.5850, 0.5750, 0.5681
Resistance: 0.5991, 0.6093
What it said to watch
- Daily close above 0.5991 prior high opens a retest of the 0.6090 range high
- Rejection at 0.5991 keeps the range read intact
- Loss of 0.5850 range mid would re-expose the 0.5750 swing low
- US CPI print this week could shift the range read materially