22:40 UTC
Range-bound, lower half · RSI 42 · price 0.57921
Multi-quarter range, drifting toward base.
Range-bound between roughly 0.5550 and 0.6120 since the Q2-2025 recovery off 0.5485; price now sits in the lower half after a slide from the Jan-2026 peak, with a double top near 0.6120 capping the macro range. The latest leg lower has pressed the two-month low at 0.5790, the base of the recent consolidation, and price trades below both W1 EMA(20) and EMA(50) around 0.5865. RSI(14) is mid-range and gives no extreme signal — the monetary-policy divergence theme (firm USD, hawkish RBNZ) keeps the pair pinned inside the range.
Support: 0.5790, 0.5550
Resistance: 0.5865, 0.5895, 0.6120
What it said to watch
- Weekly close below 0.5790 confirms a lower-low and opens the path toward the 0.5550 range low
- Reclaim of the 0.5865 ema50 and a close above 0.5895 barrier neutralises the downside drift
- US PPI / FOMC ahead could materially shift this range read