NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.32% | 19.6 Pips |  |
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| Week to-date | 0.32% | 19.6 Pips |  |
||
| February | 0.4% | 24.5 Pips | |
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Upcoming key events (London Time)
Wed 07:00 PM USD FOMC Meeting Minutes
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What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.32% to 0.61419. 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 0.61521 with break above could target R2 at 0.61624 or figure level area. While towards the downside, we are looking at daily low of 0.61316 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61521 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 | 0.61726 |
| R2 | 0.61624 |
| R1 | 0.61521 |
| Daily Pivot | 0.61419 |
| S1 | 0.61316 |
| S2 | 0.61214 |
| S3 | 0.61111 |
