NZDUSD on Monday rose 0.78% to 0.63419. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.78%	48.9 Pips
Week to-date	0.78%	48.9 Pips
May	2.57%	158.9 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.78% to 0.63419. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.63695 with break above could target R2 at 0.6397 or figure level area. While towards the downside, we are looking at daily low of 0.62940 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63593 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 0.78% over the past few days.

Key levels to watch out:

You might be interested in:

No major reports.

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.