|Performance after Thursday|
|Week to-date||1.07%||66.3 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
📆 🇺🇸 USD Core Personal Consumption Expenditures (3-mth) | Q4 in Q4 exceed forecast and rose to 4.4% compared to previous figure 4.3% in Q3. Source: Bureau of Economic Analysis
📆 ☢️ 🇺🇸 USD GDP Annualized | Q4 in Q4 below forecast and dropped to 2.6% compared to previous figure 2.7% in Q3. Source: Bureau of Economic Analysis
📆 🇳🇿 NZD Building Permits seasonal adjustment. (1-mth) | Feb in February below forecast and dropped to -9% compared to previous figure -5.2, revised from -1.5% in January. Source: Stats NZ
📆 🇺🇸 USD Pending Home Sales (1-mth) | Feb in February exceed forecast and dropped to 0.8% compared to previous figure 8.1% in January.
What can we expect from NZDUSD today?
NZDUSD on Thursday rose 0.71% to 0.62673. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.62228 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62682 or trades above daily pivot 0.62455. While to the downside, the daily low of 0.62010 and 0.62228 (S1) as immediate support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62682 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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U.S. International Investment Position, 4th Quarter and Year 2022 Source: Bureau of Economic Analysis
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Advance U.S. International Trade in Goods Source: Census Bureau
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