NZDUSD on Tuesday rose 0.17% to 0.60780. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.17%	10.2 Pips
Week to-date	0.35%	21.1 Pips
June	1.01%	61 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 Factory Orders (1-mth) in April exceed forecast and rose to 4% compared to previous figure 0.9% in March Census Bureau

What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.17% to 0.60780. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.60473 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61000 or trades above daily pivot 0.60737. Break above could target R1 at 0.61043. While to the downside, we are looking at 0.60473 (S1) and daily low of 0.60430 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61000 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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Manufacturers’ Shipments, Inventories, and Orders. Census Bureau

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