NZDUSD on Monday dropped -0.25% to 0.61678. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	-0.25%	-15.2 Pips
Week to-date	-0.24%	-15.1 Pips
April	-0.24%	-15.1 Pips

Upcoming key events (London Time)

Tue 11:45 PM NZD Employment Change
Tue 11:45 PM NZD Unemployment Rate
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.25% to 0.61678. Price is above 9-Day EMA while Stochastic is rising in oversold zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61527 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61994 or trades above daily pivot 0.6176. Break above could target R1 at 0.61912. While to the downside, we are looking at 0.61527 (S1) and daily low of 0.61609 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.61609 would indicate selling pressure.

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

Key levels to watch out:

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