NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.74% | 44.5 Pips |  |
||
| Week to-date | 0.57% | 34.6 Pips |  |
||
| February | -0.3% | -18.6 Pips |  |
||
Upcoming key events (London Time)
Thu 02:00 AM NZD RBNZ Inflation Expectations (3-mth)
What happened lately
No major activities.
Latest from X (Twitter)
What can we expect from NZDUSD today?
NZDUSD on Tuesday rose 0.74% to 0.60988. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.61214 with break above could target R2 at 0.6144 or figure level area. While towards the downside, we are looking at daily low of 0.60460 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61063 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 | 0.61817 |
| R2 | 0.6144 |
| R1 | 0.61214 |
| Daily Pivot | 0.60837 |
| S1 | 0.60611 |
| S2 | 0.60234 |
| S3 | 0.60008 |
