NZDUSD on Thursday rose 0.77% to 0.60700. What we know.

NZDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.77%	46.3 Pips
Week to-date	0.36%	22 Pips
June	0.88%	53 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 In the week ending 27 May, the Initial Unemployment Insurance Claims rose to 232K compared to previous figure 229K Department of Labor
🇺🇸 Nonfarm Business Labor Productivity in Q1 below forecast and improved to -2.1% compared to previous figure -2.7% in Q4 Bureau of Labor Statistics

What can we expect from NZDUSD today?

NZDUSD on Thursday rose 0.77% to 0.60700. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

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 0.61019 with break above could target R2 at 0.61339 or figure level area. While towards the downside, we are looking at daily low of 0.59880 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60769 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:

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