NZDUSD London briefing — 2026-08-21

BIAS NEUTRAL. H4/H1 EMAs bullish, but RSI overbought at 72.94 and daily structure neutral—conflicting signals lack conviction. KEY LEVELS R: 0.6, 0.59738, 0.605 | S: 0.595, 0.59, 0.58224 NEWS 🔴 S&P Global Manufacturing PMI (USD) 13:45 UTC 🔴 S&P Global Services PMI (USD) 13:45 UTC 🟡 S&P Global Composite PMI (USD) 13:45 UTC SESSION OUTLOOK US PMI data critical—weak prints could reverse momentum near resistance. Watch 0.6 rejection with overbought RSI.

Key Levels

R: 0.59738 · 0.60000 · 0.60500

S: 0.59500 · 0.59000 · 0.58224