NZDUSD on Thursday rose 0.57% to 0.60382. What we know.

NZDUSD on Thursday rose 0.57% to 0.60382. What we know.

NZDUSD Analysis

Performance after Thursday
Period Pct Chg Momentum
Thursday 0.57% 34.2 Pips
Week to-date 0.49% 29.2 Pips
May 2.54% 149.6 Pips

Upcoming key events (London Time)

Fri 03:00 PM USD Michigan Index of Consumer Sentiment

What happened lately

🇺🇸 In the week ending 04 May, U.S. Initial Unemployment Insurance Claims rose to 231K compared to previous figure 209K (revised from 208K) Source: Department of Labor

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What can we expect from NZDUSD today?

NZDUSD on Thursday rose 0.57% to 0.60382. 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 0.60548 with break above could target R2 at 0.60714 or figure level area. While towards the downside, we are looking at daily low of 0.59920 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60400 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 0.61028
R2 0.60714
R1 0.60548
Daily Pivot 0.60234
S1 0.60068
S2 0.59754
S3 0.59588

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