NZDUSD on Monday rose 0.31% to 0.60980. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.31%	19 Pips
Week to-date	0.14%	8.6 Pips
November	5.01%	290.7 Pips

Upcoming key events (London Time)

Wed 01:00 AM NZD Monetary Policy Statement
Wed 01:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate)
Wed 01:00 AM NZD RBNZ Official Cash Rate Statement
Wed 02:00 AM NZD RBNZ Press Conference
Wed 01:30 PM USD GDP Annualized

What happened lately

🇺🇸 U.S. New-Home Sales Change (1-mth) in October below forecast and dropped to -5.6% compared to previous figure 8.6, revised from 12.3% in September

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What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.31% to 0.60980. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.61167 with break above could target R2 at 0.61353 or figure level area. While towards the downside, we are looking at daily low of 0.60602 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61071 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.14% over the past few days.

Key levels to watch out: