NZDUSD on Monday rose 0.69% to 0.61316. What we know.

NZDUSD on Monday rose 0.69% to 0.61316. What we know.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday 0.69% 42 Pips
Week to-date 0.7% 42.7 Pips
January -2.91% -183.5 Pips

Upcoming key events (London Time)

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 0.69% to 0.61316. 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 0.61544 with break above could target R2 at 0.61773 or figure level area. While towards the downside, we are looking at daily low of 0.60871 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61436 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 0.62109
R2 0.61773
R1 0.61544
Daily Pivot 0.61208
S1 0.60979
S2 0.60643
S3 0.60414

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