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NZDUSD on Monday rose 0.36% to 0.61623. Pair in consolidation. What we know.

NZDUSD on Monday rose 0.36% to 0.61623. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.36% 22.3 Pips
Week to-date 0.16% 10 Pips
June 2.28% 137.2 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD Durable Goods Orders
Tue 01:30 PM USD Nondefense Capital Goods Orders excluding Aircraft
Wed 09:30 PM USD Bank Stress Test Info

What happened lately

No major activities.


NZDUSD 4-hour Chart by TradingView

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.36% to 0.61623. 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 0.61407 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61770 or trades above daily pivot 0.61589. Break above could target R1 at 0.61804. While to the downside, we are looking at 0.61407 (S1) and daily low of 0.61373 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61770 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 0.62201
R2 0.61986
R1 0.61804
Daily Pivot 0.61589
S1 0.61407
S2 0.61192
S3 0.6101

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