NZDUSD on Monday dropped -0.33% to 0.62460. Pair in consolidation. What we know.

NZDUSD on Monday dropped -0.33% to 0.62460. Pair in consolidation. What we know.

Open High Low Close
0.62707 0.62791 0.62260 0.62460

Performance after Monday
Period Pct Chg Momentum
Monday -0.33% -20.6 Pips
Week to-date -0.46% -28.7 Pips
March 1.02% 63.2 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.33% to 0.62460. Price is above 9-Day EMA while Stochastic is rising in neutral zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.62216 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62791 or trades above daily pivot 0.62504. While to the downside, the daily low of 0.62260 and 0.62216 (S1) as immediate support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.62260 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 0.63278
R2 0.63035
R1 0.62747
Daily Pivot 0.62504
S1 0.62216
S2 0.61973
S3 0.61685

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