NZDUSD on Monday rose 0.37% to 0.61568. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.37%	23 Pips
Week to-date	0.37%	23 Pips
July	0.37%	23 Pips

Upcoming key events (London Time)

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 0.37% to 0.61568. 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 0.61761 with break above could target R2 at 0.61953 or figure level area. While towards the downside, we are looking at daily low of 0.61260 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61703 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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