NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.05% | 3 Pips |  |
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| Week to-date | -0.07% | -4.5 Pips |  |
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| March | -0.05% | -3.2 Pips |  |
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Upcoming key events (London Time)
Wed 06:00 PM USD FOMC Monetary Policy Statement Wed 06:00 PM USD FOMC Economic Projections Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 09:45 PM NZD GDP (12-mth) Wed 09:45 PM NZD GDP (3-mth)
What happened lately
No major activities.
Latest from X (Twitter)
What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.05% to 0.60830. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.60733 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61002 or trades above daily pivot 0.60867. Break above could target R1 at 0.60965. While to the downside, we are looking at 0.60733 (S1) and daily low of 0.60770 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61002 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.07%.
Key levels to watch out:
| R3 | 0.61197 |
| R2 | 0.61099 |
| R1 | 0.60965 |
| Daily Pivot | 0.60867 |
| S1 | 0.60733 |
| S2 | 0.60635 |
| S3 | 0.60501 |
