NZDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.31% | -19.2 Pips |  |
||
| Week to-date | -0.82% | -51 Pips | |
||
| June | 2.74% | 165 Pips |  |
||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. Chicago Fed National Activity Index in May below forecast and dropped to -0.15 points compared to previous figure 0.07 points in April 
🇳🇿 New Zealand Trade Balance NZD (12-mth) in May exceed forecast and dropped to -17.12$ compared to previous figure -17.02, revised from -16.8$ in April Stats NZ 🇳🇿 New Zealand Exports in May rose to 6.99$ compared to previous figure 6.61, revised from 6.8$ in April Stats NZ
What can we expect from NZDUSD today?
NZDUSD on Thursday dropped -0.31% to 0.61820. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61601 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62229 or trades above daily pivot 0.61915. Break above could target R1 at 0.62134. While to the downside, we are looking at 0.61601 (S1) and daily low of 0.61696 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.61696 would indicate selling pressure.
For the week to-date, take note that NZDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.62667 |
| R2 | 0.62448 |
| R1 | 0.62134 |
| Daily Pivot | 0.61915 |
| S1 | 0.61601 |
| S2 | 0.61382 |
| S3 | 0.61068 |
You might be interested in:
Powell, Semiannual Monetary Policy Report to the Congress. Federal Reserve Business Formation Statistics. Census Bureau New Residential Construction. Census Bureau
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