NZDUSD London briefing — 2026-10-28

BIAS BEARISH. Trend vote (D1+H4+H1 EMAs), H4/H1 fair value gaps, and RSI oversold at 27.95 drive downside conviction. KEY LEVELS R: 0.565, 0.57, 0.57111 | S: 0.56, 0.5566, 0.555 NEWS 🟡 MBA Mortgage Applications (USD) 11:00 UTC 🟡 Goods Trade Balance (USD) 12:30 UTC 🟡 Wholesale Inventories (USD) 12:30 UTC SESSION OUTLOOK London opens into bearish structure with oversold RSI offering compression risk. Watch for H1 fVG fill toward support cluster before continuation.

Key Levels

R: 0.56500 · 0.57000 · 0.57111

S: 0.56000 · 0.55660 · 0.55500