NZDUSD on Tuesday rose 0.03% to 0.60517. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.03%	2.1 Pips
Week to-date	1.11%	66.3 Pips
November	4.3%	249.7 Pips

Upcoming key events (London Time)

Thu 09:45 PM NZD Retail Trade Turnover (3-mth)

What happened lately

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What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.03% to 0.60517. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.60797 with break above could target R2 at 0.61078 or figure level area. While towards the downside, we are looking at daily low of 0.60358 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60858 may suggest continuation after recent positive movement.

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

Key levels to watch out:

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Minutes of the Federal Open Market Committee, October 31-November 1, 2023. Federal Reserve