NZDUSD on Wednesday rose 0.66% to 0.59174. What we know.

NZDUSD on Wednesday rose 0.66% to 0.59174. What we know.

NZDUSD Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday 0.66% 38.7 Pips
Week to-date -0.31% -18.6 Pips
April -1% -59.6 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇳🇿 New Zealand CPI Inflation Rate (12-mth) in Q1 dropped to 3.7% compared to previous figure 4.7% in Q4 Source: Stats NZ

Latest from X (Twitter)

What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.66% to 0.59174. Price is below 9-Day EMA while Stochastic is rising in oversold zone.

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 0.59318 with break above could target R2 at 0.59462 or figure level area. While towards the downside, we are looking at daily low of 0.58898 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.59252 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.31%.

Key levels to watch out:

R3 0.59672
R2 0.59462
R1 0.59318
Daily Pivot 0.59108
S1 0.58964
S2 0.58754
S3 0.5861

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