NZDUSD on Monday rose 1.37% to 0.62210. Buying interest. What we know.
|Performance after Monday|
|Week to-date||1.37%||84 Pips|
Upcoming key events (London Time)
Tue 12:30 PM USD CPI Inflation Rate excluding Food & Energy sectors (1-mth)
Wed 12:30 PM USD Retail Sales (1-mth)
Wed 12:30 PM USD Retail Control Group
Wed 09:45 PM NZD GDP (3-mth)
What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Monday rose 1.37% to 0.62210. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Monday trading session.
Looking ahead for the day, immediate upside resistance level is at 0.6281 (R1) while on the downside, we are looking at daily low of 0.61300 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62650 would suggest bullish bias after recent positive movement.
For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
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