NZDUSD on Tuesday rose 0.82% to 0.61471. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.82%	49.7 Pips
Week to-date	1.12%	68.1 Pips
November	5.97%	346.2 Pips

Upcoming key events (London Time)

Wed 01:00 AM NZD Monetary Policy Statement
Wed 01:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate)
Wed 01:00 AM NZD RBNZ Official Cash Rate Statement
Wed 02:00 AM NZD RBNZ Press Conference
Wed 01:30 PM USD GDP Annualized
Thu 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. New-Home Sales Change (1-mth) in October below forecast and dropped to -5.6% compared to previous figure 8.6, revised from 12.3% in September

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What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.82% to 0.61471. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.61699 with break above could target R2 at 0.61928 or figure level area. While towards the downside, we are looking at daily low of 0.60796 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61476 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 1.12% over the past few days.

Key levels to watch out: