Every read JAFX AI made on the NZD/USD 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:35 UTC
Downtrend, fresh lows · RSI 32 · price 0.57372
Lower highs, lower lows; support broken.
NZDUSD is in a clean H4 downtrend, carving lower highs and lower lows as a hawkish Fed keeps the USD broadly bid; the pair sliced through the 0.5775 support that had capped earlier and printed a fresh low at 0.5728. ATR is expanding on the way down and RSI sits in oversold territory, but price remains pinned well below both EMA20 and EMA50. A solid NZ GDP beat earlier in the week gave only fleeting support before the dollar reasserted control.
Support: 0.5728, 0.5700
Resistance: 0.5775
What it said to watch
- Loss of 0.5728 confirms continuation toward the 0.5700 psych level
- A reclaim of 0.5775 would neutralise the breakdown read
- US S&P Global PMIs Tue 13:45 UTC could materially shift this USD-led read
19:34 UTC
Downtrend, momentum extending · RSI 33 · price 0.57372
Lower highs and lower lows, fresh cycle lows.
NZDUSD remains in a clean H4 downtrend, posting lower highs and lower lows after losing the 0.5800 round number and breaking through the 0.5775 prior support, which now caps as resistance. The slide tracks broad USD strength on a record hawkish Fed dot-plot, with the Kiwi pressing fresh cycle lows near the 0.5723 swing low. Price trades well below both EMA20 and EMA50 and RSI is leaning oversold, reflecting an extended move rather than a turn.
Support: 0.57229, 0.5700
Resistance: 0.5775, 0.5800
What it said to watch
- Sustained break below 0.5723 swing low opens the path toward the 0.5700 psych level
- Reclaim of 0.5775 prior support would soften the bearish structure
- US PMIs Tue and Fed-speak are the next USD catalysts that could shift this read