NZDUSD London briefing — 2026-08-12

BIAS NEUTRAL. H1 bearish EMA conflicts bullish bias; D1 structure bearish; RSI 38 lacks conviction. Mixed signals warrant caution. KEY LEVELS R: 0.59087, 0.595 | S: 0.585, 0.58, 0.57625 NEWS 🔴 US CPI (MoM/YoY) – 12:30 UTC 🟡 MBA Mortgage Apps – 11:00 UTC SESSION OUTLOOK CPI release dominates; USD volatility likely. Watch 0.59 resistance if inflation data softens; hold 0.585 support if hawkish.

Key Levels

R: 0.59000 · 0.59087 · 0.59500

S: 0.58500 · 0.58000 · 0.57625