NZDUSD London briefing — 2026-10-29

BIAS BEARISH. D1 structure, H4 EMA, and H1 EMA aligned downtrend; H4 fair value gaps reinforce selling pressure despite H1 bullish gaps. KEY LEVELS R: 0.565, 0.57, 0.57111 | S: 0.56, 0.5566, 0.555 NEWS 🔴 Core PCE MoM & YoY (USD) – Thu 12:30 UTC 🟡 Continuing Jobless Claims (USD) – Thu 12:30 UTC SESSION OUTLOOK PCE data risks volatility; watch 0.565 resistance rejection. Bearish bias favors probes toward 0.56 support zone if USD strength holds.

Key Levels

R: 0.56500 · 0.57000 · 0.57111

S: 0.56000 · 0.55660 · 0.55500