NZDUSD on Wednesday rose 0.14% to 0.61019. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.14%	8.3 Pips
Week to-date	-0.51%	-31.1 Pips
May	3.63%	213.7 Pips

Upcoming key events (London Time)

Wed 11:45 PM NZD Retail Trade Turnover (3-mth)
Thu 11:25 PM NZD RBNZ’s Governor Adrian Orr speech

What happened lately

🇳🇿 New Zealand Retail Trade Turnover (3-mth) in Q1 rose to 0.5% compared to previous figure -1.9% in Q4 Source: Stats NZ
🇳🇿 New Zealand Retail Sales excluding motor vehicles (3-mth) in Q1 rose to 0.4% compared to previous figure -1.7% in Q4
🇳🇿 New Zealand RBNZ Interest Rate Decision (Official Cash Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Reserve Bank of New Zealand
🇳🇿 New Zealand RBNZ Interest Rate Decision (Official Cash Rate) unchanged at 5.5% compared to previous rate 5.5% Source: Reserve Bank of New Zealand

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.14% to 0.61019. 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 0.60715 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61522 or trades above daily pivot 0.61119. Break above could target R1 at 0.61422. While to the downside, we are looking at 0.60715 (S1) and daily low of 0.60815 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61522 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: