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NZDUSD on Thursday rose 0.45% to 0.61130. What we know.

NZDUSD on Thursday rose 0.45% to 0.61130. What we know.

NZDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.45% 27.5 Pips
Week to-date -0.55% -34.1 Pips
February -0.08% -4.8 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)

What happened lately

๐Ÿ‡บ๐Ÿ‡ธ U.S. Industrial Production (1-mth) in January dropped to -0.1% compared to previous figure 0.1%
๐Ÿ‡บ๐Ÿ‡ธ U.S. Philadelphia Fed Manufacturing Survey in February rose to 5.2 points compared to previous figure -10.6 points in January
๐Ÿ‡บ๐Ÿ‡ธ U.S. Monthly Retail Trade (1-mth) in January dropped to -0.8% compared to previous figure 0.4, revised from 0.6% in December Source: Census Bureau
๐Ÿ‡บ๐Ÿ‡ธ In the week ending 10 February, U.S. Initial Unemployment Insurance Claims dropped to 212K compared to previous figure 220K (revised from 218K) Source: Department of Labor
๐Ÿ‡บ๐Ÿ‡ธ U.S. New York Empire State Manufacturing Index in February improved to -2.4 points compared to previous figure -43.7 points in January

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What can we expect from NZDUSD today?

NZDUSD on Thursday rose 0.45% to 0.61130. Price is above 9-Day EMA while Stochastic is falling.

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 0.61335 with break above could target R2 at 0.61541 or figure level area. While towards the downside, we are looking at daily low of 0.60796 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61271 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 0.6181
R2 0.61541
R1 0.61335
Daily Pivot 0.61066
S1 0.6086
S2 0.60591
S3 0.60385

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