NZDUSD slid for a third straight day, the sharp break below 0.5818 mid-window driven by the broadly bid USD after the hawkish FOMC. Price now consolidates in the 0.5730s just above the 0.5723 week low, holding below EMA20 and EMA50 with RSI(14) stuck in the low-40s. The 0.5775 shelf that was prior support has reverted to overhead resistance.
Support: 0.5729, 0.57229
Resistance: 0.5749, 0.5775, 0.5800
What it said to watch
Hourly close back above 0.5775 (lost support) would neutralise the downtrend read
Failure to hold 0.5723 confirms a fresh lower-low
US S&P Global PMIs Tue could shift the USD-led direction
19:34 UTC
Downtrend, basing near lows · RSI 45 · price 0.57372
Lower highs, consolidating above week low.
NZDUSD has bled lower for a third straight session, with the dominant leg coming on a sharp break through 0.5775 mid-week as a hawkish-Fed USD bid reasserted control. Price has since stalled into a tight 0.5723–0.5746 base, holding just above the week low while staying pinned below EMA(20) and EMA(50). RSI is recovering off depressed levels but the lower-high sequence remains intact.
Support: 0.5728, 0.57229
Resistance: 0.5746, 0.5775
What it said to watch
H1 close above 0.5775 reclaims lost support and breaks the lower-high structure
Failure to hold 0.5723 week low confirms continuation lower
US S&P Global PMIs Tue and Waller speech Mon are the next USD-led catalysts