NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.11% | 7 Pips |  |
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| Week to-date | 0.06% | 3.8 Pips |  |
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| June | 0.4% | 24.7 Pips | |
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Upcoming key events (London Time)
Wed 11:45 PM NZD GDP (3-mth) Wed 11:45 PM NZD GDP (12-mth)
What happened lately
🇺🇸 U.S. Industrial Production (1-mth) in May rose to 0.9% compared to previous figure 0% in April 🇺🇸 U.S. Monthly Retail Trade (1-mth) in May rose to 0.1% compared to previous figure -0.2, revised from 0% in April Source: Census Bureau 🇺🇸 U.S. New York Empire State Manufacturing Index in June improved to -6 points compared to previous figure -15.6 points in May
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What can we expect from NZDUSD today?
NZDUSD on Tuesday rose 0.11% to 0.61412. Price is below 9-Day EMA while Stochastic is falling.
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 0.61608 with break above could target R2 at 0.61803 or figure level area. While towards the downside, we are looking at daily low of 0.60965 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61482 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:
| R3 | 0.62125 |
| R2 | 0.61803 |
| R1 | 0.61608 |
| Daily Pivot | 0.61286 |
| S1 | 0.61091 |
| S2 | 0.60769 |
| S3 | 0.60574 |
