NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.3% | 18.5 Pips |  |
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| Week to-date | 0.72% | 43.9 Pips |  |
||
| June | 0.04% | 2.3 Pips | |
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What happened lately
No major activities.
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What can we expect from NZDUSD today?
NZDUSD on Tuesday rose 0.3% to 0.61443. 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 0.61572 with break above could target R2 at 0.61701 or figure level area. While towards the downside, we are looking at daily low of 0.61172 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61501 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 | 0.61901 |
| R2 | 0.61701 |
| R1 | 0.61572 |
| Daily Pivot | 0.61372 |
| S1 | 0.61243 |
| S2 | 0.61043 |
| S3 | 0.60914 |
