NZDUSD on Monday rose 1.37% to 0.62210. Buying interest. What we know.

NZDUSD on Monday rose 1.37% to 0.62210. Buying interest. What we know.

Open High Low Close
0.61300 0.62650 0.61300 0.62210

Performance after Monday
Period Pct Chg Momentum
Monday 1.37% 84 Pips
Week to-date 1.37% 84 Pips
March 0.52% 31.5 Pips

Upcoming key events (London Time)

Tue 12:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (1-mth)
Wed 12:30 PM USD Retail Sales (1-mth)
Wed 12:30 PM USD Retail Control Group
Wed 09:45 PM NZD GDP (3-mth)

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Monday rose 1.37% to 0.62210. 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 0.6281 (R1) while on the downside, we are looking at daily low of 0.61300 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62650 would suggest bullish bias after recent positive movement.

For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.6416
R2 0.634
R1 0.6281
Daily Pivot 0.6205
S1 0.6146
S2 0.607
S3 0.6011

Important Notice: Hyperlinks to other websites above are provided free of charge to you and as a convenience only. This website is not sponsored by, nor endorsed by, or affiliated with all parties in any way. Additional Disclaimer: We do not endorsed nor verified the posts provided by Twitter and all rights reserved to the creator.

Leave a Reply

Your email address will not be published. Required fields are marked *