NZDUSD on Tuesday rose 0.77% to 0.61977. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.77%	47.5 Pips
Week to-date	0.8%	49 Pips
July	2.03%	123.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:15 PM USD ADP Non-Farm Employment Change
Thu 03:00 PM USD ISM Services PMI

What happened lately

🇳🇿 New Zealand NZIER Business Confidence (3-mth) in Q2 improved to -63% compared to previous figure -66% in Q1 NZIER

What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.77% to 0.61977. 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 0.62267 with break above could target R2 at 0.62557 or figure level area. While towards the downside, we are looking at daily low of 0.61407 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62127 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:

You might be interested in:

Construction Spending. Census Bureau