NZDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.18% | 11 Pips |  |
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| Week to-date | -1.08% | -67 Pips |  |
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| December | -0.21% | -12.7 Pips | |
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Upcoming key events (London Time)
Fri 01:30 PM USD Nonfarm Payroll Employment Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in October below forecast and dropped to 8.733M compared to previous figure 9.35, revised from 9.553M in September Source: Bureau of Labor Statistics
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What can we expect from NZDUSD today?
NZDUSD on Wednesday rose 0.18% to 0.61396. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61223 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61770 or trades above daily pivot 0.61497. Break above could target R1 at 0.61669. While to the downside, we are looking at 0.61223 (S1) and daily low of 0.61324 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61770 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 | 0.62115 |
| R2 | 0.61943 |
| R1 | 0.61669 |
| Daily Pivot | 0.61497 |
| S1 | 0.61223 |
| S2 | 0.61051 |
| S3 | 0.60777 |
