NZDUSD London briefing — 2026-05-05

BIAS BEARISH. H1 EMA bearish overrides neutral D1; RSI 44.66 confirms downside bias via hierarchy. KEY LEVELS R: 0.59, 0.595 | S: 0.585, 0.58165, 0.58 NEWS 🟡 Goods/Services Trade Balance (USD) 12:30 UTC 🟡 Redbook Index YoY (USD) 12:55 UTC SESSION OUTLOOK Weak US data may pressure dollar; watch 0.585 support hold. H1 bearish structure targets lower support zone during London session. PRO UNLOCKS Entry 0.58752, SL 0.5955, TP1 0.585, TP2 0.5816, FVG 0.587–0.589, liquidity sweep 0.59 — unlock with Pro

Key Levels

R: 0.59000 · 0.59500 · 1.71632

S: 0.58500 · 0.58165 · 0.58000