NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.7% | -42.6 Pips |  |
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| Week to-date | -0.7% | -42.6 Pips | |
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| January | -3.94% | -249 Pips |  |
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Upcoming key events (London Time)
Tue 09:45 PM NZD CPI Inflation Rate (3-mth)
What happened lately
No major activities.
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What can we expect from NZDUSD today?
NZDUSD on Monday dropped -0.7% to 0.60679. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
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 0.60426 with break below could see further selling pressure towards S2 at 0.60173. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.61390 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.60655 would indicate selling pressure.
For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.7%.
Key levels to watch out:
| R3 | 0.61896 |
| R2 | 0.61643 |
| R1 | 0.61161 |
| Daily Pivot | 0.60908 |
| S1 | 0.60426 |
| S2 | 0.60173 |
| S3 | 0.59691 |
