NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.15% | 9.2 Pips |  |
||
| Week to-date | 0.15% | 9.2 Pips | |
||
| March | -1.4% | -85.5 Pips |  |
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Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. New-Home Sales Change (1-mth) in February dropped to -0.3% compared to previous figure 1.7, revised from 1.5% in January
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What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.15% to 0.60012. Price is below 9-Day EMA while Stochastic is falling in oversold zone.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.59871 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.60126 or trades above daily pivot 0.59999. Break above could target R1 at 0.60139. While to the downside, we are looking at 0.59871 (S1) and daily low of 0.59858 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.60126 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.60407 |
| R2 | 0.60267 |
| R1 | 0.60139 |
| Daily Pivot | 0.59999 |
| S1 | 0.59871 |
| S2 | 0.59731 |
| S3 | 0.59603 |
