NZDUSD on Wednesday rose 0.32% to 0.61033. What we know.

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.32%	19.5 Pips
Week to-date	0.07%	4.1 Pips
July	0.07%	4.1 Pips

Upcoming key events (London Time)

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What happened lately

🇺🇸 U.S. Factory Orders (1-mth) in May dropped to -0.5% compared to previous figure 0.4, revised from 0.7% in April Source: Census Bureau
🇺🇸 In the week ending 29 June, U.S. Initial Unemployment Insurance Claims rose to 238K compared to previous figure 233K Source: Department of Labor
🇺🇸 U.S. Challenger Job Cuts in June dropped to 48.786K compared to previous figure 63.816K in May
🇳🇿 New Zealand Building Permits seasonal adjustment. (1-mth) in May improved to -1.7% compared to previous figure -2.1, revised from -1.9% in April Source: Stats NZ

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What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.32% to 0.61033. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.61319 with break above could target R2 at 0.61604 or figure level area. While towards the downside, we are looking at daily low of 0.60690 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61290 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: