NZDUSD London briefing — 2026-10-12

BIAS BEARISH. D1 trend, H4 EMA, and H4 fair value gaps converge downward; H1 bullish FVGs create pullback resistance but lack momentum to override the composite bearish structure. KEY LEVELS R: 0.565, 0.57, 0.57842 | S: 0.56, 0.55809, 0.555 NEWS 🟡 Fed Hammack speech (Mon 16:50 UTC) 🟡 Fed Waller speech (Tue 07:45 UTC) 🟡 NFIB Business Optimism (Tue 10:00 UTC) SESSION OUTLOOK London opens into Fed rhetoric risk. Watch for H1 pullbacks into resistance zones; downside bias strengthens below 0.56 if USD docket remains hawkish.

Key Levels

R: 0.56500 · 0.57000 · 0.57842

S: 0.56000 · 0.55809 · 0.55500