NZDUSD London briefing — 2026-07-31

BIAS BULLISH — H4/H1 EMAs aligned upward, but RSI 71.6 warns of overbought conditions; D1 neutral structure limits conviction. KEY LEVELS R: 0.58837, 0.59, 0.595 | S: 0.585, 0.58, 0.57437 NEWS 🟡 Employment Cost Index (USD) 12:30 UTC 🟡 Chicago PMI (USD) 13:45 UTC 🟡 Michigan Consumer Expectations (USD) 14:00 UTC SESSION OUTLOOK Watch pullbacks to 0.585 as buyers re-enter. USD data releases may trigger volatility; overbought setup invites sellers.

Key Levels

R: 0.58837 · 0.59000 · 0.59500

S: 0.58500 · 0.58000 · 0.57437