NZDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | 0.65% | 40.2 Pips |  |
||
| Week to-date | 1.85% | 113.5 Pips | |
||
| June | 3.7% | 222.4 Pips |  |
||
Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
🇺🇸 In the week ending 10 June, Initial Unemployment Insurance Claims in U.S. was unchanged at 262K compared to previous figure 262K (revised from 261K) Department of Labor 🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in June below forecast and dropped to -13.7 points compared to previous figure -10.4 points in May 🇺🇸 U.S. Monthly Retail Trade (1-mth) in May exceed forecast and dropped to 0.3% compared to previous figure 0.4, revised from 0.4% in April Census Bureau
🇳🇿 New Zealand GDP (3-mth) in Q1 improved to -0.1% compared to previous figure -0.7, revised from -0.6% in Q4 Stats NZ 🇳🇿 New Zealand GDP (12-mth) in Q1 below forecast and dropped to 2.2% compared to previous figure 2.3, revised from 2.2% in Q4 Stats NZ 🇺🇸 U.S. Interest Rate Projections rose to 5.6% compared to previous rate 5.1% 🇺🇸 U.S. Fed Interest Rate Decision (Federal Funds Rate) unchanged at 5.25% compared to previous rate 5.25% Federal Reserve
What can we expect from NZDUSD today?
NZDUSD on Thursday rose 0.65% to 0.62407. 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 0.62712 with break above could target R2 at 0.63017 or figure level area. While towards the downside, we are looking at daily low of 0.61532 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62427 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 1.85% over the past few days.
Key levels to watch out:
| R3 | 0.63607 |
| R2 | 0.63017 |
| R1 | 0.62712 |
| Daily Pivot | 0.62122 |
| S1 | 0.61817 |
| S2 | 0.61227 |
| S3 | 0.60922 |
You might be interested in:
Advanced Monthly Sales for Retail and Food Services. Census Bureau Federal Reserve Board and Federal Open Market Committee release economic projections from the June 13-14 FOMC meeting. Federal Reserve Federal Reserve issues FOMC statement. Federal Reserve CPI for all items rises 0.1% in May; shelter and used cars and trucks up. Bureau of Labor Statistics
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