NZDUSD London briefing — 2026-10-05

BIAS BEARISH. Trend alignment (D1+H4+H1 EMAs) + H4/H1 fair value gaps override neutral RSI and liquidity sweep of lows. KEY LEVELS R: 0.56, 0.565, 0.58853 | S: 0.55849, 0.555, 0.55 NEWS 🟡 S&P Global Composite PMI (USD) 13:45 UTC 🟡 ISM Services Employment Index 14:00 UTC SESSION OUTLOOK USD strength likely into PMI print. Watch 0.56 resistance; break above invalidates bearish setup.

Key Levels

R: 0.56000 · 0.56500 · 0.58853

S: 0.55849 · 0.55500 · 0.55000