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, momentum bearish · RSI 34 · price 0.57349
Lower highs / lower lows, below EMAs.
NZDUSD remains in a four-month downtrend from the late-February 0.6050 high, printing fresh lows near 0.5735 with price held well below EMA20 and EMA50. The current leg accelerated after last week's hawkish Fed hold lifted the USD broadly, marking a fourth straight daily loss into the 0.5700-0.5720 zone. Structure is a clean chain of lower highs and lower lows; demand has thinned with the YTD low at 0.5681 now the next reference.
Support: 0.5700, 0.5681
Resistance: 0.5800
What it said to watch
- Daily close below 0.5700 opens the path toward the 0.5681 YTD low
- Reclaim of 0.5800 needed to challenge the broken trend; below it the downtrend read holds
- US flash PMIs Tue and Core PCE Fri are the USD-side catalysts that could shift this read
21:03 UTC
Downtrend, extending lower · RSI 35 · price 0.57349
Lower highs and lower lows since early April.
NZDUSD is in a clean multi-week downtrend, pressing fresh lows near 0.5735 after the hawkish Fed hold and risk-off bid lifted the dollar. Price sits below EMA20 and EMA50 with both declining, and the chain of lower highs from the 0.5994 peak in early May remains intact. The 0.5720 swing low is the immediate floor, with the 0.5681 year-to-date low the next reference below.
Support: 0.5700, 0.5681, 0.57229
Resistance: 0.5800, 0.5844, 0.5994
What it said to watch
- Daily close below 0.5700 psych opens the path to the 0.5681 ytd low
- Reclaim of 0.5800 needed before any challenge of the broken trend structure
- Friday US Core PCE could materially shift the USD-driven read