NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.17% | -10.1 Pips |  |
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| Week to-date | -0.6% | -37.1 Pips | |
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| May | 3.52% | 207.3 Pips |  |
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Upcoming key events (London Time)
Wed 03:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate) Wed 04:00 AM NZD RBNZ Press Conference
Wed 07:00 PM USD FOMC Meeting Minutes Wed 07:00 PM NZD RBNZ’s Governor Adrian Orr speech Wed 11:45 PM NZD Retail Trade Turnover (3-mth)
What happened lately
No major activities.
Latest from X (Twitter)
What can we expect from NZDUSD today?
NZDUSD on Tuesday dropped -0.17% to 0.60959. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.60849 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61102 or trades above daily pivot 0.60976. Break above could target R1 at 0.61085. While to the downside, we are looking at 0.60849 (S1) and daily low of 0.60866 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.60866 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 | 0.61321 |
| R2 | 0.61212 |
| R1 | 0.61085 |
| Daily Pivot | 0.60976 |
| S1 | 0.60849 |
| S2 | 0.6074 |
| S3 | 0.60613 |
