NZDUSD on Monday rose 0.7% to 0.63005. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.7%	43.5 Pips
Week to-date	0.7%	43.5 Pips
April	0.7%	43.6 Pips

Upcoming key events (London Time)

Wed 03:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate)
Wed 03:00 AM NZD RBNZ Official Cash Rate Statement

What happened lately

📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February. Source:
📆 🇳🇿 NZD ANZ – Roy Morgan Consumer Confidence | Mar in March dropped to 77.7 points compared to previous figure 79.8 points in February.

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.7% to 0.63005. 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 at 0.63333 (R1) while on the downside, we are looking at daily low of 0.62060 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63025 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 0.7% over the past few days.

Key levels to watch out:

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Payroll employment rises by 311,000 in February; unemployment rate edges up to 3.6% Source: Bureau of Labor Statistics Publications

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