NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.1% | 6 Pips |  |
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| Week to-date | 0.1% | 6.1 Pips | |
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| December | 0.95% | 58.6 Pips | |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇳🇿 New Zealand Trade Balance NZD (12-mth) in November exceed forecast and improved to -13.87$ compared to previous figure -14.82, revised from -14.81$ in October Source: Stats NZ 🇳🇿 New Zealand Exports in November rose to 5.99$ compared to previous figure 5.37, revised from 5.4$ in October Source: Stats NZ 🇳🇿 New Zealand Imports in November rose to 7.23$ compared to previous figure 7.1, revised from 7.11$ in October Source: Stats NZ
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What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.1% to 0.62114. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61918 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62507 or trades above daily pivot 0.62212. Break above could target R1 at 0.62409. While to the downside, we are looking at 0.61918 (S1) and daily low of 0.62016 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62507 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.629 |
| R2 | 0.62703 |
| R1 | 0.62409 |
| Daily Pivot | 0.62212 |
| S1 | 0.61918 |
| S2 | 0.61721 |
| S3 | 0.61427 |
