NZDUSD on Tuesday rose 0.74% to 0.60988. What we know.

NZDUSD on Tuesday rose 0.74% to 0.60988. What we know.

NZDUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.74% 44.5 Pips
Week to-date 0.57% 34.6 Pips
February -0.3% -18.6 Pips

Upcoming key events (London Time)

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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 0.74% to 0.60988. 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 0.61214 with break above could target R2 at 0.6144 or figure level area. While towards the downside, we are looking at daily low of 0.60460 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61063 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 0.61817
R2 0.6144
R1 0.61214
Daily Pivot 0.60837
S1 0.60611
S2 0.60234
S3 0.60008

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