NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.54% | 32.6 Pips |  |
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| Week to-date | 0.86% | 51.8 Pips | |
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| April | 1.44% | 85.8 Pips |  |
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Upcoming key events (London Time)
Wed 03:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate) Wed 03:00 AM NZD RBNZ Official Cash Rate Statement
Wed 01:30 PM USD CPI Inflation Rate (1-mth) Wed 01:30 PM USD CPI Inflation Rate (12-mth) Wed 07:00 PM USD FOMC Meeting Minutes Thu 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
What happened lately
🇳🇿 New Zealand NZIER Business Confidence (3-mth) in Q1 dropped to -25% compared to previous figure -2% in Q4 Source: NZIER
Latest from X (Twitter)
What can we expect from NZDUSD today?
NZDUSD on Tuesday rose 0.54% to 0.60628. Price is above 9-Day EMA while Stochastic is rising.
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 0.60819 with break above could target R2 at 0.61011 or figure level area. While towards the downside, we are looking at daily low of 0.60330 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60766 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.86% over the past few days.
Key levels to watch out:
| R3 | 0.61255 |
| R2 | 0.61011 |
| R1 | 0.60819 |
| Daily Pivot | 0.60575 |
| S1 | 0.60383 |
| S2 | 0.60139 |
| S3 | 0.59947 |
