NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.13% | -8.3 Pips |  |
||
| Week to-date | 0.34% | 20.9 Pips |  |
||
| May | 4.28% | 252 Pips | |
||
Upcoming key events (London Time)
Thu 03:00 AM NZD Budget 2024
Thu 01:30 PM USD GDP Annualized
What happened lately
🇺🇸 U.S. Housing Price Index (1-mth) in March dropped to 0.1% compared to previous figure 1.2% in February
Latest from X (Twitter)
What can we expect from NZDUSD today?
NZDUSD on Tuesday dropped -0.13% to 0.61409. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61272 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61701 or trades above daily pivot 0.61487. Break above could target R1 at 0.61623. While to the downside, we are looking at 0.61272 (S1) and daily low of 0.61350 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.61350 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:
| R3 | 0.61974 |
| R2 | 0.61838 |
| R1 | 0.61623 |
| Daily Pivot | 0.61487 |
| S1 | 0.61272 |
| S2 | 0.61136 |
| S3 | 0.60921 |
