NZDUSD London briefing — 2026-08-26

BIAS BEARISH. Daily structure broken lower; H1/H4 EMA divergence creates noise but RSI at 41.6 keeps momentum risk-biased down. KEY LEVELS R: 0.595, 0.59886, 0.6 | S: 0.59, 0.585, 0.58224 NEWS 🔴 Core PCE MoM/YoY (USD) 12:30 UTC — inflation data may spike volatility; MBA apps 11:00 UTC low impact. SESSION OUTLOOK London open likely tests 0.59 support; Core PCE release mid-session is the volatility trigger. Watch for USD strength confirmation into close.

Key Levels

R: 0.59500 · 0.59886 · 0.60000

S: 0.59000 · 0.58500 · 0.58224