NZDUSD on Tuesday rose 0.87% to 0.62486. What we know.

NZDUSD on Tuesday rose 0.87% to 0.62486. What we know.

NZDUSD Analysis

Performance after Tuesday
Period Pct Chg Momentum
Tuesday 0.87% 53.6 Pips
Week to-date 0.77% 47.6 Pips
March 1.04% 64.1 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP Annualized | Q4

What happened lately

No major activities.

NZDUSD 4-hour Chart by TradingView

What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.87% to 0.62486. Price is above 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 at 0.62697 (R1) while on the downside, we are looking at daily low of 0.61980 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62550 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.63267
R2 0.62909
R1 0.62697
Daily Pivot 0.62339
S1 0.62127
S2 0.61769
S3 0.61557

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