Consolidating below 0.5793 after June-July rebound.
NZDUSD carved a base near 0.5626 in mid-June and recovered through July to a 0.5872 swing high, but the last two weeks have faded back under the 50-day SMA at 0.5793. Price now sits mid-range around 0.5768, capped by USD firmness into FOMC while the hot Q2 CPI keeps a floor beneath 0.5762. RSI is neutral near 47 with price back below both EMAs, marking a stalled recovery rather than a fresh trend leg.
Support: 0.5762, 0.5743, 0.5700
Resistance: 0.5793, 0.5800, 0.5872
What it said to watch
FOMC Wed 18:00 UTC is the dominant catalyst and could break the 0.5762-0.5800 range
Daily close above 0.5793/0.5800 reopens the path to the 0.5872 swing high
Failure to hold 0.5762 confirms a lower low, exposing 0.5743 then 0.5700
Consolidation below 50-day, holding above June low.
Kiwi has churned in a tight 0.5765–0.5800 band for the past two weeks after the mid-July rally into 0.5843 faded, keeping price pinned below the 50-day SMA at 0.5793. The bigger structure is a recovery off the mid-June 0.5630 low that has since stalled — hot NZ Q2 CPI floors the pair while firm safe-haven USD into FOMC caps it. RSI is drifting mid-40s, reflecting the sideways drift rather than directional trend.
Support: 0.5762, 0.5743, 0.5700
Resistance: 0.5793, 0.5800, 0.5843
What it said to watch
FOMC decision Wed 18:00 UTC is the dominant swing factor for a range break
Daily close below 0.5762 confirms a lower low, exposing 0.5743 then 0.5700
Reclaim of the 50-day sma at 0.5793 and the 0.5800 figure reopens 0.5843