NZDUSD London briefing — 2026-05-08

BIAS BULLISH. D1 structure and aligned H4/H1 EMAs confirm upside momentum despite neutral RSI. KEY LEVELS R: 0.595, 0.6, 1.71632 | S: 0.59, 0.585, 0.58165 NEWS 🟡 Fed Cook speech (08 May, 09:45 UTC) 🔴 Average Hourly Earnings MoM/YoY (08 May, 12:30 UTC) SESSION OUTLOOK Cook speech and wage data inject USD volatility mid-London. Watch 0.595 resistance; strong AHE prints could pressure bulls. PRO UNLOCKS Entry 0.59488→0.596, SL 0.5885, TP1 0.6012, TP2 0.605, liquidity sweep 0.5945, FVG 0.596-0.

Key Levels

R: 0.59500 · 0.60000 · 1.71632

S: 0.59000 · 0.58500 · 0.58165