NZDUSD London briefing — 2026-08-31

BIAS NEUTRAL — H1/H4 EMAs diverge while daily structure remains bearish; RSI at 40 offers no conviction. Upside bias conflicts with structural weakness. KEY LEVELS R: 0.595, 0.59886, 0.6 | S: 0.59, 0.585, 0.58224 NEWS 🟡 Dallas Fed Manufacturing Index (14:30 UTC) 🟡 3M & 6M Bill Auctions (15:30 UTC) SESSION OUTLOOK Watch USD reaction to soft data. London may consolidate between 0.595–0.59 before auctions; breaks below 0.59 flip bias bearish.

Key Levels

R: 0.59500 · 0.59886 · 0.60000

S: 0.59000 · 0.58500 · 0.58224