NZDUSD on Monday rose 0.87% to 0.62429. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.87%	53.9 Pips
Week to-date	0.87%	53.9 Pips
May	0.97%	59.9 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD Retail Trade Turnover (1-mth)
Tue 01:30 PM USD Retail Trade Control Group

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.87% to 0.62429. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.62028 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62455 or trades above daily pivot 0.62241. Break above could target R1 at 0.62643. While to the downside, we are looking at 0.62028 (S1) and daily low of 0.61840 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62455 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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