NZDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.11% | 6.8 Pips |  |
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| Week to-date | 0.9% | 55.1 Pips |  |
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| June | 0.9% | 55 Pips | |
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Upcoming key events (London Time)
Fri 01:30 PM USD Nonfarm Payroll Employment Fri 01:30 PM USD Average Hourly Earnings (12-mth)
What happened lately
🇺🇸 U.S. Nonfarm Business Labor Productivity in Q1 dropped to 0.2% compared to previous figure 0.3% in Q4 Source: Bureau of Labor Statistics
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What can we expect from NZDUSD today?
NZDUSD on Thursday rose 0.11% to 0.61971. 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 0.61752 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62150 or trades above daily pivot 0.61951. Break above could target R1 at 0.6217. While to the downside, we are looking at 0.61752 (S1) and daily low of 0.61732 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62150 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 0.9% over the past few days.
Key levels to watch out:
| R3 | 0.62588 |
| R2 | 0.62369 |
| R1 | 0.6217 |
| Daily Pivot | 0.61951 |
| S1 | 0.61752 |
| S2 | 0.61533 |
| S3 | 0.61334 |
