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.
21:03 UTC
Downtrend, fresh lows · RSI 36 · price 0.57372
Lower highs, lower lows.
NZDUSD is pressing fresh lows since April, the multi-month downtrend from the February 0.6048 high reasserting after a failed May bounce to 0.5988. Price trades well below EMA(20) and EMA(50) on D1, both sloping lower, as the hawkish-Fed dollar bid drives the move; this week's NZ GDP beat gave only fleeting support. Last week broke the 0.5775 shelf, which now reverts to overhead resistance.
Support: 0.5723, 0.5681
Resistance: 0.5775, 0.5864, 0.5988
What it said to watch
- Daily close below 0.5723 extends the lower-low sequence toward the 0.5681 april low
- Reclaim of 0.5775 on a daily close neutralises the breakdown
- Direction stays USD/Fed-led — US PMIs and Fed-speak could shift this read
21:03 UTC
Downtrend, pressing fresh lows · RSI 34 · price 0.57372
Lower highs, lower lows.
NZDUSD remains in a multi-month downtrend off the late-February 0.6050 area, trading below a falling EMA(50) and now printing fresh lows since April near 0.5723 after this week's hawkish-Fed dollar surge. The 0.5775 shelf that capped earlier sessions has flipped to overhead resistance, with the move accelerating into the close of the week. RSI(14) sits in the low-30s — soft but not yet a confirmed oversold extreme on D1.
Support: 0.57229, 0.56814
Resistance: 0.5775
What it said to watch
- Daily close back above 0.5775 would relieve the breakdown pressure
- Failure to hold 0.5723 opens the 0.5681 april low
- Direction stays USD/Fed-led — US PMIs and Fed-speak the next catalysts