NZDUSD London briefing — 2026-08-05

BIAS BULLISH. D1 structure bullish; H4 EMA confirms upside. H1 neutral and RSI 46.7 create caution—no overbought fuel yet. KEY LEVELS R: 0.59087, 0.595 | S: 0.585, 0.5762 NEWS 🔴 ADP Employment Change, 12:15 UTC 🟡 S&P Global Composite PMI, 13:45 UTC 🟡 MBA Mortgage Applications, 11:00 UTC SESSION OUTLOOK ADP and PMI drive USD volatility. Watch 0.59 resistance; break confirms H4 bullish extension. Close below 0.585 negates bias.

Key Levels

R: 0.59000 · 0.59087 · 0.59500

S: 0.58500 · 0.58000 · 0.57625