NZDUSD on Monday rose 0.54% to 0.59180. What we know.

NZDUSD on Monday rose 0.54% to 0.59180. What we know.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.54% 32 Pips
Week to-date 0.54% 32 Pips
April -0.99% -59 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.54% to 0.59180. Price is below 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 0.59329 with break above could target R2 at 0.59477 or figure level area. While towards the downside, we are looking at daily low of 0.58940 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.59283 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 0.59672
R2 0.59477
R1 0.59329
Daily Pivot 0.59134
S1 0.58986
S2 0.58791
S3 0.58643

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