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
Downtrend, lower highs intact · RSI 35 · price 0.57713
LH/LL chain, testing 2-month low.
NZDUSD has carved a steady downtrend since the early-Feb 0.6076 high, printing lower highs into late May's 0.5994 cap and now pressing the 0.5780 two-month low. The latest leg accelerated this week on firm USD after the 4.2% US CPI and 172K NFP prints, with rallies toward 0.5850 repeatedly faded; price sits below EMA20 and EMA50 and RSI near 34 reflects sustained downside pressure without yet reaching oversold. Demand around 0.5780 has held twice — a sustained break opens the April 0.5681 region.
Support: 0.5780, 0.5681
Resistance: 0.5850, 0.5994, 0.6076
What it said to watch
- Daily close below 0.5780 confirms trend continuation toward 0.5681
- Reclaim of 0.5850 needed to neutralize the lower-high structure
- FOMC next week and NZ Q1 GDP (Jun 17) could materially shift this read
21:04 UTC
Downtrend, extending lower · RSI 36 · price 0.57713
Lower highs, fresh two-month low.
NZDUSD has trended lower since the early-February peak near 0.6076, carving a chain of lower highs and now closing at a two-month low of 0.5771 with price below both EMA20 and EMA50. The latest weekly cycle saw repeated fades from the 0.5850 area give way as firm USD — hot CPI at 4.2% and a 172K NFP beat — overwhelmed the RBNZ hawkish-repricing story. The 0.5790/0.5780 support has now given way, with the April low near 0.5681 the next major pivot below.
Support: 0.57709, 0.56814
Resistance: 0.5850, 0.5994
What it said to watch
- Sustained D1 close below 0.5780 confirms downtrend continuation toward 0.5681
- Reclaim of 0.5850 would neutralise the bearish tilt
- FOMC next week and NZ Q1 GDP (Jun 17) are the dominant catalysts for this read