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NZDUSD on Tuesday dropped -0.65% to 0.61929. What we know.

NZDUSD on Tuesday dropped -0.65% to 0.61929. What we know.

NZDUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.65% -40.4 Pips
Week to-date -0.98% -61.1 Pips
April -1.05% -66 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD CPI Inflation Rate (12-mth) | Mar
Wed 01:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (12-mth) | Mar
Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

No major activities.


NZDUSD 4-hour Chart by TradingView

What can we expect from NZDUSD today?

NZDUSD on Tuesday dropped -0.65% to 0.61929. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks bearish as the pair posted lower in Tuesday trading session.

Looking ahead for the day, immediate support level is at S1 0.61721 with break below could see further selling pressure towards S2 at 0.61512. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.62336 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.61820 would indicate selling pressure.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.98%.

Key levels to watch out:

R3 0.62753
R2 0.62544
R1 0.62237
Daily Pivot 0.62028
S1 0.61721
S2 0.61512
S3 0.61205

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