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NZDUSD on Monday rose 0.91% to 0.60397. Winners and losers.

NZDUSD on Monday rose 0.91% to 0.60397. Winners and losers.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.91% 54.3 Pips
Week to-date 0.92% 54.8 Pips
November 4.12% 238.8 Pips

Upcoming key events (London Time)

Tue 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 rose 0.91% to 0.60397. Price is above 9-Day EMA while Stochastic is falling.

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 0.60591 with break above could target R2 at 0.60784 or figure level area. While towards the downside, we are looking at daily low of 0.59880 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60429 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

Key levels to watch out:

R3 0.6114
R2 0.60784
R1 0.60591
Daily Pivot 0.60235
S1 0.60042
S2 0.59686
S3 0.59493

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