NZDUSD London briefing — 2026-05-29

BIAS BEARISH. D1 structure dominates; RSI overbought confirms exhaustion despite H1 bullish EMA divergence. KEY LEVELS R: 0.59752, 0.6, 0.605 | S: 0.595, 0.59, 0.58154 NEWS 🟡 Fed's Schmid speech 10:50 UTC | 🟡 Goods Trade Balance 12:30 UTC | 🟡 Wholesale Inventories 12:30 UTC SESSION OUTLOOK USD strength via Fed rhetoric may trigger London breakdowns. Watch 0.595 support—breach unlocks lower targets. PRO UNLOCKS Entry 0.5956, SL 0.60050, TP1 0.59200, TP2 0.58154, FVG 0.59650–0.59750, liquidity sweep 0.60100 —

Key Levels

R: 0.59752 · 0.60000 · 0.60500

S: 0.59500 · 0.59000 · 0.58154