NZDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.28% | 16.8 Pips |  |
||
| Week to-date | 0.79% | 47 Pips |  |
||
| April | 0.79% | 47 Pips | |
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What happened lately
🇺🇸 U.S. Challenger Job Cuts in March rose to 90.309K compared to previous figure 84.638K in February
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What can we expect from NZDUSD today?
NZDUSD on Thursday rose 0.28% to 0.60240. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.60429 with break above could target R2 at 0.60619 or figure level area. While towards the downside, we are looking at daily low of 0.60116 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60462 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:
| R3 | 0.60775 |
| R2 | 0.60619 |
| R1 | 0.60429 |
| Daily Pivot | 0.60273 |
| S1 | 0.60083 |
| S2 | 0.59927 |
| S3 | 0.59737 |
