NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.41% | -25.2 Pips |  |
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| Week to-date | -0.41% | -25.2 Pips | |
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| May | 3.73% | 219.8 Pips |  |
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Upcoming key events (London Time)
Wed 03:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate) Wed 04:00 AM NZD RBNZ Press Conference
Wed 07:00 PM USD FOMC Meeting Minutes
What happened lately
No major activities.
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What can we expect from NZDUSD today?
NZDUSD on Monday dropped -0.41% to 0.61078. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.60901 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61370 or trades above daily pivot 0.61135. Break above could target R1 at 0.61313. While to the downside, we are looking at 0.60901 (S1) and daily low of 0.60958 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.60958 would indicate selling pressure.
For the week to-date, take note that NZDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.61725 |
| R2 | 0.61547 |
| R1 | 0.61313 |
| Daily Pivot | 0.61135 |
| S1 | 0.60901 |
| S2 | 0.60723 |
| S3 | 0.60489 |
