NZDUSD London briefing — 2026-05-12

BIAS BULLISH. H4 EMA bullish structure overrides neutral D1 and H1 per hierarchy; RSI neutral supports continuation setup. KEY LEVELS R: 0.595, 0.6, 0.61632 | S: 0.59, 0.585, 0.58165 NEWS 🔴 CPI (MoM) USD 12:30 UTC 🟡 ADP Employment 4-week avg 12:15 UTC 🔴 NFIB Business Optimism 10:00 UTC SESSION OUTLOOK CPI print pivotal for USD strength. Watch 0.595 resistance; break confirms bullish continuation. Flat rejection signals reversal to support. PRO UNLOCKS Entry 0.5955 | SL 0.5885 | TP1 0.598 | TP2 0.603 | Liquidity sweep 0

Key Levels

R: 0.59500 · 0.60000 · 1.71632

S: 0.59000 · 0.58500 · 0.58165