NZDUSD on Thursday rose 0.75% to 0.62936. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.75%	46.9 Pips
Week to-date	1.42%	88.2 Pips
December	2.29%	140.7 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

🇺🇸 U.S. Personal Consumption Expenditures Prices (3-mth) in Q3 below forecast and dropped to 2.6% compared to previous figure 2.8% in Q2 Source: Bureau of Economic Analysis
🇺🇸 U.S. Gross Domestic Product Price Index in Q3 below forecast and dropped to 3.3% compared to previous figure 3.5% in Q2 Source: Bureau of Economic Analysis
🇺🇸 U.S. Philadelphia Fed Manufacturing Survey in December below forecast and dropped to -10.5 points compared to previous figure -5.9 points in November

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Thursday rose 0.75% to 0.62936. Price is above 9-Day EMA while Stochastic is rising in overbought zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.62555 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62970 or trades above daily pivot 0.62763. Break above could target R1 at 0.63143. While to the downside, we are looking at 0.62555 (S1) and daily low of 0.62382 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62970 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 1.42% over the past few days.

Key levels to watch out: