NZDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | -0.61% | -37.1 Pips |  |
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| Week to-date | -0.52% | -31.7 Pips | |
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| June | -0.6% | -37 Pips |  |
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What can we expect from NZDUSD today?
NZDUSD on Wednesday dropped -0.61% to 0.60795. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks bearish as the pair posted lower in Wednesday trading session.
Looking ahead for the day, immediate support level is at S1 0.60594 with break below could see further selling pressure towards S2 at 0.60393. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.61278 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.60735 would indicate selling pressure.
For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.52%.
Key levels to watch out:
| R3 | 0.6168 |
| R2 | 0.61479 |
| R1 | 0.61137 |
| Daily Pivot | 0.60936 |
| S1 | 0.60594 |
| S2 | 0.60393 |
| S3 | 0.60051 |
