NZDUSD London briefing — 2026-08-03

BIAS BULLISH. H4 EMA uptrend intact; H1 neutral and D1 structurally flat create short-term chop, but daily bias supports higher. KEY LEVELS R: 0.59087, 0.595 | S: 0.585, 0.58, 0.57625 NEWS 🟡 ISM Manufacturing Employment Index (Mon 14:00 UTC) 🔴 S&P Global Manufacturing PMI (Mon 13:45 UTC) 🔴 Construction Spending MoM (Mon 14:00 UTC) SESSION OUTLOOK US data cluster at 13:45–14:00 may spark USD volatility. Watch 0.59 resistance; break above targets 0.59087; failure below 0.585 invalidates bias.

Key Levels

R: 0.59000 · 0.59087 · 0.59500

S: 0.58500 · 0.58000 · 0.57625