NZDUSD London briefing — 2026-05-11

BIAS BULLISH — H4 EMA bullish structure overrides neutral D1; RSI neutral permits upside continuation. KEY LEVELS R: 0.595, 0.6, 0.61632 | S: 0.59, 0.585, 0.58165 NEWS 🟡 Existing Home Sales MoM (USD) — 14:00 UTC 🟡 Existing Home Sales Change MoM (USD) — 14:00 UTC 🔴 3-Month Bill Auction (USD) — 15:30 UTC SESSION OUTLOOK USD weakness on soft housing data may support NZD rally toward 0.595. Monitor bill auction for dollar repricing into North American session. PRO UNLOCKS Entry 0.5948 | SL 0.5895 | TP1 0.595 | TP2 0.6015 | FVG

Key Levels

R: 0.59500 · 0.60000 · 1.71632

S: 0.59000 · 0.58500 · 0.58165