NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.1% | -6 Pips |  |
||
| Week to-date | 0.48% | 30 Pips | |
||
| March | 0.76% | 46.9 Pips |  |
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Upcoming key events (London Time)
No further events
What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Monday dropped -0.1% to 0.61950. 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 0.61781 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62117 or trades above daily pivot 0.61949. While to the downside, the daily low of 0.61780 and 0.61781 (S1) as immediate support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.61780 would indicate selling pressure.
For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 0.62455 |
| R2 | 0.62286 |
| R1 | 0.62118 |
| Daily Pivot | 0.61949 |
| S1 | 0.61781 |
| S2 | 0.61612 |
| S3 | 0.61444 |
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