NZDUSD Asia briefing — 2026-05-19

BIAS BEARISH. D1 structure dominates; H4 confirms downtrend despite H1 neutrality. KEY LEVELS R: 0.59, 0.595, 0.5991 | S: 0.585, 0.58208, 0.58 NEWS 🟡 Fed's Waller speech (USD) 06:00 UTC 🟡 ADP Employment Change 4-week avg (USD) 12:15 UTC 🟡 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK Watch Waller speech for USD strength catalyst. ADP and Redbook mid-session may trigger volatility; bears need hold below 0.59 resistance. PRO UNLOCKS Entry @ liquidity sweep, SL @ H1 flip, TP1 @ 0.585 FVG, TP2 @ structural support—unlock Pro

Key Levels

R: 0.59000 · 0.59500 · 0.59910

S: 0.58500 · 0.58208 · 0.58000