NZDUSD London briefing — 2026-08-11

BIAS BEARISH. Daily structure bearish; H1/H4 EMAs neutral but RSI at 42.71 leaves room lower before oversold. KEY LEVELS R: 0.59087, 0.595 | S: 0.585, 0.58, 0.57625 NEWS 🟡 ADP Employment Change 4-week (12:15 UTC) 🔴 NFIB Business Optimism (10:00 UTC) 🔴 Redbook Index YoY (12:55 UTC) SESSION OUTLOOK USD data may prompt volatility; watch 0.585 hold as support. Break below opens 0.58 test.

Key Levels

R: 0.59000 · 0.59087 · 0.59500

S: 0.58500 · 0.58000 · 0.57625