NZDUSD on Wednesday rose 0.67% to 0.60112. What you need to know.

NZDUSD on Wednesday rose 0.67% to 0.60112. What you need to know.

NZDUSD Analysis

Performance after Wednesday
Period Pct Chg Momentum
Wednesday 0.67% 40 Pips
Week to-date 0.57% 34.2 Pips
April 0.58% 34.8 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Nonfarm Payroll Employment

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in February rose to 8.756M compared to previous figure 8.748, revised from 8.863M in January Source: Bureau of Labor Statistics
🇺🇸 U.S. Factory Orders (1-mth) in February rose to 1.4% compared to previous figure -3.8, revised from -3.6% in January Source: Census Bureau

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What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.67% to 0.60112. 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 0.60332 with break above could target R2 at 0.60551 or figure level area. While towards the downside, we are looking at daily low of 0.59519 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60145 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 0.60958
R2 0.60551
R1 0.60332
Daily Pivot 0.59925
S1 0.59706
S2 0.59299
S3 0.5908

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