NZDUSD on Wednesday dropped -0.19% to 0.61770. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.19%	-12 Pips
Week to-date	0.7%	43.2 Pips
July	0.7%	43.2 Pips

Upcoming key events (London Time)

Thu 01:15 PM USD ADP Non-Farm Employment Change
Thu 03:00 PM USD ISM Services PMI
Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

No major activities.

What can we expect from NZDUSD today?

NZDUSD on Wednesday dropped -0.19% to 0.61770. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61629 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62070 or trades above daily pivot 0.61849. Break above could target R1 at 0.61991. While to the downside, we are looking at 0.61629 (S1) and daily low of 0.61708 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.61708 would indicate selling pressure.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

Key levels to watch out:

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