NZDUSD on Tuesday dropped -0.01% to 0.60030. Pair in consolidation. Winners and losers.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	-0.01%	-0.7 Pips
Week to-date	0.18%	11 Pips
March	-1.39%	-84.5 Pips

Upcoming key events (London Time)

Thu 12:30 PM USD GDP Annualized

What happened lately

🇺🇸 U.S. Housing Price Index (1-mth) in January dropped to -0.1% compared to previous figure 0.1% in December
🇺🇸 U.S. Durable Goods Orders in February rose to -6.1% compared to previous figure -6.9% (revised from -6.1%) Source: Census Bureau
🇺🇸 U.S. New-Home Sales Change (1-mth) in February dropped to -0.3% compared to previous figure 1.7, revised from 1.5% in January

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What can we expect from NZDUSD today?

NZDUSD on Tuesday dropped -0.01% to 0.60030. Price is below 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.59888 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.60308 or trades above daily pivot 0.60098. Break above could target R1 at 0.6024. While to the downside, we are looking at 0.59888 (S1) and daily low of 0.59956 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.59956 would indicate selling pressure.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

Key levels to watch out: