NZDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.04% | 2.5 Pips |  |
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| Week to-date | -0.09% | -5.7 Pips |  |
||
| May | 1.95% | 114.9 Pips | |
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Upcoming key events (London Time)
Fri 03:00 PM USD Michigan Index of Consumer Sentiment
What happened lately
No major activities.
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What can we expect from NZDUSD today?
NZDUSD on Wednesday rose 0.04% to 0.60033. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.59869 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.60072 or trades above daily pivot 0.5997. Break above could target R1 at 0.60135. While to the downside, we are looking at 0.59869 (S1) and daily low of 0.59806 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.60072 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:
| R3 | 0.60401 |
| R2 | 0.60236 |
| R1 | 0.60135 |
| Daily Pivot | 0.5997 |
| S1 | 0.59869 |
| S2 | 0.59704 |
| S3 | 0.59603 |
