NZDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.37% | 23.2 Pips |  |
||
| Week to-date | -0.71% | -44.4 Pips | |
||
| April | -0.76% | -47.4 Pips |  |
||
Upcoming key events (London Time)
Fri 01:30 PM USD Retail Trade Turnover (1-mth) | Mar Fri 03:00 PM USD Michigan Index of Consumer Sentiment | Apr flash
What happened lately
📆 🇺🇸 USD CPI Inflation Rate (12-mth) | Mar in March below forecast and dropped to 5% compared to previous figure 6% in February. Bureau of Labor Statistics
What can we expect from NZDUSD today?
NZDUSD on Wednesday rose 0.37% to 0.62132. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61815 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62419 or trades above daily pivot 0.62117. Break above could target R1 at 0.62434. While to the downside, we are looking at 0.61815 (S1) and daily low of 0.61800 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62419 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 | 0.63053 |
| R2 | 0.62736 |
| R1 | 0.62434 |
| Daily Pivot | 0.62117 |
| S1 | 0.61815 |
| S2 | 0.61498 |
| S3 | 0.61196 |
You might be interested in:
Minutes of the Federal Open Market Committee, March 21-22, 2023. Federal Reserve CPI for all items rises 0.1% in March as shelter increases. Bureau of Labor Statistics Publications
Retail card spending increases in March 2023. Stats NZ Monthly Wholesale Trade: Sales and Inventories. Census Bureau
Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.
