NZDUSD on Monday rose 0.67% to 0.59775. What we know.

NZDUSD on Monday rose 0.67% to 0.59775. What we know.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.67% 39.5 Pips
Week to-date 0.67% 39.5 Pips
April 0.02% 1 Pips

Upcoming key events (London Time)

Tue 11:45 PM NZD Employment Change
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.67% to 0.59775. Price is above 9-Day EMA while Stochastic is falling.

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 0.59941 with break above could target R2 at 0.60108 or figure level area. While towards the downside, we are looking at daily low of 0.59414 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.59844 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.67% over the past few days.

Key levels to watch out:

R3 0.60371
R2 0.60108
R1 0.59941
Daily Pivot 0.59678
S1 0.59511
S2 0.59248
S3 0.59081

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