NZDUSD on Tuesday dropped -0.85% to 0.61936. What we know.

NZDUSD on Tuesday dropped -0.85% to 0.61936. What we know.

NZDUSD Analysis

Open High Low Close
0.62370 0.62457 0.61650 0.61936

Performance after Tuesday
Period Pct Chg Momentum
Tuesday -0.85% -53.4 Pips
Week to-date -1.16% -73 Pips
March 0.13% 7.9 Pips

Upcoming key events (London Time)

Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
Wed 06:30 PM USD FOMC Press Conference

What happened lately

No major activities.

NZDUSD Chart by TradingView

What can we expect from NZDUSD today?

NZDUSD on Tuesday dropped -0.85% to 0.61936. Price is in neutral at 9-Day EMA while Stochastic is rising.

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 0.61572 (S1) with break below could see further selling pressure towards 0.61207 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.62457 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.61650 would indicate selling pressure.

For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.63186
R2 0.62821
R1 0.62379
Daily Pivot 0.62014
S1 0.61572
S2 0.61207
S3 0.60765

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