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NZDUSD on Thursday rose 0.43% to 0.59598. What we know.

NZDUSD on Thursday rose 0.43% to 0.59598. What we know.

NZDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.43% 25.5 Pips
Week to-date 1.25% 73.8 Pips
April -0.28% -16.7 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Personal Consumption Expenditures Price Index (1-mth)
Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

๐Ÿ‡บ๐Ÿ‡ธ U.S. Core Personal Consumption Expenditures (3-mth) in Q1 flash estimate rose to 3.7% compared to previous figure 2% in Q4 Source: Bureau of Economic Analysis
๐Ÿ‡บ๐Ÿ‡ธ U.S. GDP Annualized in Q1 flash estimate dropped to 1.6% compared to previous figure 3.4% in Q4 Source: Bureau of Economic Analysis
๐Ÿ‡บ๐Ÿ‡ธ In the week ending 20 April, U.S. Initial Unemployment Insurance Claims dropped to 207K compared to previous figure 212K Source: Department of Labor
๐Ÿ‡บ๐Ÿ‡ธ U.S. Nondefense Capital Goods Orders excluding Aircraft in March dropped to 0.2% compared to previous figure 0.4% (revised from 0.7%) Source: Census Bureau
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand Exports in March rose to 6.5$ compared to previous figure 5.79, revised from 5.89$ in February Source: Stats NZ
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand Imports in March dropped to 5.91$ compared to previous figure 6.1, revised from 6.11$ in February Source: Stats NZ
๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand Trade Balance NZD (12-mth) in March improved to -9.87$ compared to previous figure -12.06, revised from -11.99$ in February Source: Stats NZ

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What can we expect from NZDUSD today?

NZDUSD on Thursday rose 0.43% to 0.59598. 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 0.59793 with break above could target R2 at 0.59987 or figure level area. While towards the downside, we are looking at daily low of 0.59194 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.59688 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 1.25% over the past few days.

Key levels to watch out:

R3 0.60287
R2 0.59987
R1 0.59793
Daily Pivot 0.59493
S1 0.59299
S2 0.58999
S3 0.58805

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