NZDUSD on Monday rose 0.59% to 0.61720. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.59%	36 Pips
Week to-date	0.59%	36 Pips
April	-1.33%	-83.1 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Durable Goods Orders
Wed 01:30 PM USD Nondefense Capital Goods Orders excluding Aircraft

What happened lately

🇺🇸 Chicago Fed National Activity Index in March unchanged at -0.19 points compared to previous report in February.

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.59% to 0.61720. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61383 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61752 or trades above daily pivot 0.61567. Break above could target R1 at 0.61905. While to the downside, we are looking at 0.61383 (S1) and daily low of 0.61230 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61752 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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