Lower highs since 0.5994, pinned in 0.5780-0.5850 range.
Clear downtrend off the 0.5994 high, rolling over into a string of lower highs and now pinned in a 0.5780-0.5850 range below the EMA50, consistent with the soft-kiwi theme as hot US CPI/PPI kept the USD bid. Buyers stepped in twice near 0.5769-0.5778, leaving a tentative double-bottom base, and price has reclaimed the EMA20. ATR(14) has compressed back toward range-bound levels.
Support: 0.5800, 0.5769
Resistance: 0.5850, 0.5895
What it said to watch
H4 close below 0.5769 confirms a fresh lower low and reopens the 0.5780 two-month area downside
H4 close above 0.5850 cap invalidates the range-top read toward 0.5895
NZ Q1 GDP (Wed 22:45 UTC) and FOMC hours earlier could materially shift this read
21:04 UTC
Downtrend, bounce off the lows · RSI 51 · price 0.58295
Lower highs from 0.5994; recovering off 0.5770 base.
NZDUSD has rolled over from the 0.5994 swing high in a sequence of lower highs, with sticky US inflation (CPI 4.2%, hot PPI) and a bid USD keeping kiwi rallies sold. Price swept the 0.5770 two-month low before snapping back, and is now pinned in the 0.5780-0.5895 range, retracing roughly 27% of the down-leg. ATR around 22 pips marks a moderate regime as price sits just above EMA20 but below EMA50.
Support: 0.5800, 0.5777
Resistance: 0.5845, 0.5895
What it said to watch
H4 close below 0.5780 confirms a fresh lower low
Reclaim of 0.5845 bounce high opens the path back to the 0.5895 range cap
NZ Q1 GDP (Jun 17) and FOMC the same day could materially shift this read