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 uptrend off June low · RSI 59 · price 0.5891
Higher lows, consolidating below 0.5900.
NZDUSD has been grinding higher since the mid-June base at the 0.5630 june low, printing a chain of higher lows back above EMA(50) on D1. Price is now consolidating in the 0.5865–0.5906 band, capped at the weekly high, with the recent bid driven by USD weakness after the -23K NFP miss rather than any NZD story. The rounded-bottom recovery keeps the structure constructive while it holds the weekly low.
Support: 0.5865, 0.5760, 0.5630
Resistance: 0.5906, 0.5990
What it said to watch
- US CPI Wed Aug 12 is the dominant near-term driver for this read
- A daily close above 0.5906 weekly high opens the path toward the 0.5990 april high
- Failure to hold the 0.5865 weekly low reopens the swing low at 0.5760
21:04 UTC
Recovery within broader range · RSI 60 · price 0.5891
Consolidating below 0.5900 after June low.
Kiwi has clawed back from the mid-June low near 0.5630, retracing roughly two-thirds of the May-June slide and now holding above a rising EMA(50) on D1. The last two weeks have coiled between 0.5865 and 0.5900, with repeated closes stalling under the round number. Friday's soft US NFP (-23K) knocked the dollar back and underpinned the recovery, but this remains a USD-driven range rather than an NZD story.
Support: 0.5865, 0.5820, 0.5762
Resistance: 0.5900, 0.5940
What it said to watch
- D1 close above 0.5900 psych opens path toward 0.5940
- US CPI Wed could materially shift the USD-led read
- Failure to hold 0.5865 weekly low confirms a lower-low