NZDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.08% | 4.9 Pips |  |
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| Week to-date | -0.49% | -30.2 Pips |  |
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| June | -0.58% | -35.5 Pips |  |
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Upcoming key events (London Time)
Fri 02:00 AM USD Presidential Debate Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth) Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)
What happened lately
🇺🇸 U.S. Gross Domestic Product Price Index in Q1 unchanged at 3.1% compared to previous report in Q4. Source: Bureau of Economic Analysis 🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q1 rose to 3.7% compared to previous figure 3.6% in Q4 Source: Bureau of Economic Analysis 🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in May dropped to -0.6% compared to previous figure 0.2, revised from 0.3% in April Source: Census Bureau 🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q1 rose to 3.4% compared to previous figure 3.3% in Q4 Source: Bureau of Economic Analysis 🇺🇸 In the week ending 22 June, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 238K Source: Department of Labor 🇺🇸 U.S. Durable Goods Orders excluding Transportation in May dropped to -0.1% compared to previous figure 0.4% in April Source: Census Bureau 🇺🇸 U.S. Durable Goods Orders excluding Defense in May dropped to -0.2% compared to previous figure 0% in April Source: Census Bureau
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What can we expect from NZDUSD today?
NZDUSD on Thursday rose 0.08% to 0.60810. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.60633 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61082 or trades above daily pivot 0.60857. Break above could target R1 at 0.61035. While to the downside, we are looking at 0.60633 (S1) and daily low of 0.60680 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61082 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.49%.
Key levels to watch out:
| R3 | 0.61437 |
| R2 | 0.61259 |
| R1 | 0.61035 |
| Daily Pivot | 0.60857 |
| S1 | 0.60633 |
| S2 | 0.60455 |
| S3 | 0.60231 |
