NZDUSD on Tuesday rose 0.84% to 0.62177. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.84%	51.9 Pips
Week to-date	0.56%	34.8 Pips
May	0.56%	34.8 Pips

Upcoming key events (London Time)

Tue 11:45 PM NZD Employment Change
Tue 11:45 PM NZD Unemployment Rate
Wed 01:15 PM USD ADP Non-Farm Employment Change
Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference

What happened lately

🇺🇸 Factory Orders (1-mth) in March exceed forecast and rose to 0.9% compared to previous figure -1.1, revised from -0.7% in February Census Bureau

What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.84% to 0.62177. 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 0.6239 with break above could target R2 at 0.62602 or figure level area. While towards the downside, we are looking at daily low of 0.61627 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62221 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.56% over the past few days.

Key levels to watch out:

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Construction Spending. Census Bureau

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