![](https://i.ibb.co/VJpzSsq/NZDUSD.png)
NZDUSD Analysis
Performance after Thursday | |||||
Period | Pct | Chg | Momentum | ||
Thursday | 0.01% | 0.5 Pips | ![]() |
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Week to-date | 1.26% | 76.8 Pips | ![]() |
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November | 6.11% | 354.4 Pips | ![]() |
Upcoming key events (London Time)
Fri 04:00 PM USD Federal Reserve Chair Jerome Powell speech
What happened lately
๐ณ๐ฟ New Zealand ANZ โ Roy Morgan Consumer Confidence in November rose to 91.9 points compared to previous figure 88.1 points in October
๐บ๐ธ U.S. Personal Spending in October dropped to 0.2% compared to previous figure 0.7% in September Source: Bureau of Economic Analysis
๐บ๐ธ In the week ending 25 November, U.S. Initial Unemployment Insurance Claims rose to 218K compared to previous figure 211K (revised from 209K) Source: Department of Labor
๐ณ๐ฟ New Zealand Building Permits seasonal adjustment. (1-mth) in October exceed forecast and rose to 8.7% compared to previous figure -4.6, revised from -4.7% in September Source: Stats NZ
๐ณ๐ฟ New Zealand RBNZ Interest Rate Decision (Official Cash Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Reserve Bank of New Zealand
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What can we expect from NZDUSD today?
NZDUSD on Thursday rose 0.01% to 0.61558. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61233 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61820 or trades above daily pivot 0.61527. Break above could target R1 at 0.61851. While to the downside, we are looking at 0.61233 (S1) and daily low of 0.61202 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61820 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 1.26% over the past few days.
NZDUSD ended month of November trading session up by 6.11% or 354.4 pips higher.
Key levels to watch out:
R3 | 0.62469 |
R2 | 0.62145 |
R1 | 0.61851 |
Daily Pivot | 0.61527 |
S1 | 0.61233 |
S2 | 0.60909 |
S3 | 0.60615 |