NZDUSD on Monday dropped -0.5% to 0.61653. Winners and losers.

NZDUSD on Monday dropped -0.5% to 0.61653. Winners and losers.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.5% -30.7 Pips
Week to-date -0.49% -30.4 Pips
February 0.79% 48.2 Pips

Upcoming key events (London Time)

Wed 01:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate)
Wed 01:30 PM USD GDP Annualized

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.5% to 0.61653. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 0.61555 with break below could see further selling pressure towards S2 at 0.61456. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.61880 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.61619 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:

R3 0.62077
R2 0.61978
R1 0.61816
Daily Pivot 0.61717
S1 0.61555
S2 0.61456
S3 0.61294

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