NZDUSD on Monday rose 0.2% to 0.62830. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.2%	12.4 Pips
Week to-date	0.2%	12.4 Pips
May	1.62%	100 Pips

Upcoming key events (London Time)

Tue 11:45 PM NZD Retail Trade Turnover (3-mth)
Wed 03:00 AM NZD Monetary Policy Statement
Wed 03:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate)
Wed 03:00 AM NZD RBNZ Official Cash Rate Statement
Wed 04:00 AM NZD RBNZ Press Conference
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.2% to 0.62830. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.62646 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62921 or trades above daily pivot 0.62784. Break above could target R1 at 0.62967. While to the downside, we are looking at 0.62646 (S1) and daily low of 0.62600 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62921 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:

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