NZDUSD London briefing — 2026-08-18

BIAS BULLISH. Daily structure supports upside despite neutral H1/H4 EMAs; RSI at 40 leaves room for momentum without overbought risk. KEY LEVELS R: 0.5926, 0.595 | S: 0.585, 0.57897 NEWS 🟡 ADP Employment Change 4-week avg (USD) – 12:15 UTC 🟡 Building Permits MoM (USD) – 12:30 UTC SESSION OUTLOOK USD data mid-London may trigger volatility. Watch 0.59 resistance for conviction; break above targets 0.5926.

Key Levels

R: 0.59000 · 0.59260 · 0.59500

S: 0.58500 · 0.58000 · 0.57897