NZDUSD Asia briefing — 2026-05-18

BIAS BEARISH. D1 structure confirmed by aligned H4/H1 bearish EMA; RSI oversold at 29.14 signals exhaustion into support. KEY LEVELS R: 0.585, 0.59, 1.71632 | S: 0.58165, 0.58, 0.575 NEWS 🟡 NAHB Housing Market Index (USD) Mon 14:00 UTC 🟡 3-Month Bill Auction (USD) Mon 15:30 UTC 🟡 6-Month Bill Auction (USD) Mon 15:30 UTC SESSION OUTLOOK Watch for bounce rejection at 0.585 resistance; oversold conditions may trigger intraday pips lower into support cluster 0.58–0.575 before Asia close. PRO UNLOCKS Entry, SL, TP1, TP2, FVG zones, liquidity sweep,

Key Levels

R: 0.58500 · 0.59000 · 1.71632

S: 0.58165 · 0.58000 · 0.57500