NZDUSD London briefing — 2026-11-05

BIAS BEARISH. D1 trend + H4/H1 EMA confluence, liquidity sweep of highs, and H4 fair value gaps all reinforce downside pressure. KEY LEVELS R: 0.565, 0.57, 0.57111 | S: 0.56, 0.5566, 0.555 NEWS 🟡 Challenger Job Cuts (USD) 10:30 UTC 🟡 Initial Jobless Claims (USD) 13:30 UTC 🟡 Continuing Jobless Claims (USD) 13:30 UTC SESSION OUTLOOK Watch for USD strength into US data release. Bearish structure favors retest of support zone; monitor H1 FVG bullish rejection as counterweight to directional bias.

Key Levels

R: 0.56500 · 0.57000 · 0.57111

S: 0.56000 · 0.55660 · 0.55500