Price has trended higher since Monday's session open, printing a week high at 0.5991 during NY hours before fading back through the EMA(20). RSI peaked alongside the second high and rolled over while price made a marginally higher high — a bearish divergence into the late-week pullback. Buyers stepped in around 0.5934 to defend the rising channel base, with current trade pinned beneath the EMA(20) at 0.5969.
Support: 0.5934, 0.5915, 0.5890
Resistance: 0.5969, 0.5991
What it said to watch
H1 close back above 0.5969 ema20 reasserts the uptrend
Loss of 0.5934 swing low confirms a lower-low and breaks the channel
Iran/Hormuz headline risk over the weekend gap could materially shift this read
Higher highs into 0.5991, now correcting from week high.
NZDUSD rallied from 0.5858 on Monday to a week high at 0.5991 during Thursday's NY session, then rolled over on bearish RSI divergence at the top. Price has since fallen back below both EMA(20) and EMA(50), with sellers defending the 0.5965 ema20 area on the bounce and a fresh swing low printed at 0.5933. Geopolitical headlines around Iran and the Strait of Hormuz have weighed on risk through the late session.
Support: 0.59335, 0.5915, 0.5891
Resistance: 0.5965, 0.5991
What it said to watch
Reclaim of 0.5965 ema20 would neutralise the pullback
H1 close below 0.5933 swing low confirms a lower-low and opens 0.5915 prior break
Headline risk on Iran/Hormuz remains a wildcard into the new week
Higher highs and higher lows, mid-range consolidation.
Kiwi has run from 0.5857 early in the week to a 0.5991 week high during Thursday's NY session, with pullbacks holding the EMA(20) on H1. Since that peak, price has carved a tighter range between 0.5948 and 0.5975, with RSI(14) easing back to the mid-50s as the dollar firms on talk of warmer April US CPI ahead. Higher-low structure intact, but momentum has clearly cooled into the Asia handover.
Support: 0.5948, 0.5932, 0.5900
Resistance: 0.5975, 0.5991
What it said to watch
H1 close below the 0.5948 swing low breaks the higher-low sequence
Reclaim of 0.5975 intraday high reopens the 0.5991 week high
Iran-US headlines flagged in news flow could shift risk tone abruptly
US CPI expectations (Wells Fargo flagging firm print) a key driver into next session