NZDUSD Asia briefing — 2026-07-31

BIAS BULLISH. H4/H1 EMA aligned uptrend, but RSI 76.24 signals overbought—caution near 0.58837 resistance. KEY LEVELS R: 0.58837, 0.59, 0.595 | S: 0.585, 0.58, 0.57437 NEWS 🟡 Employment Cost Index (USD) 12:30 UTC 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Michigan Consumer Expectations (USD) 14:00 UTC SESSION OUTLOOK ASIA opens with bullish momentum but overbought conditions. Watch for USD data reaction at London open—risk of pullback into support if data surprises strong.

Key Levels

R: 0.58837 · 0.59000 · 0.59500

S: 0.58500 · 0.58000 · 0.57437