NZDUSD on Tuesday rose 0.33% to 0.63090. What we know.
|Performance after Tuesday|
|Week to-date||0.86%||54.1 Pips|
Upcoming key events (London Time)
Thu 05:00 PM NZD Good Friday
What happened lately
📆 🇺🇸 USD Factory Orders (1-mth) | Feb in February exceed forecast and improved to -0.7% compared to previous figure -2.1, revised from -1.6% in January.
📆 🇳🇿 NZD NZIER Business Confidence (3-mth) | Q1 in Q1 improved to -66% compared to previous figure -70% in Q4.
📆 🇺🇸 USD S&P Global Manufacturing PMI | Mar in March below forecast and dropped to 49.2 points compared to previous figure 49.3 points in February.
What can we expect from NZDUSD today?
NZDUSD on Tuesday rose 0.33% to 0.63090. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Tuesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.63253 with break above could target R2 at 0.63417 or figure level area. While towards the downside, we are looking at daily low of 0.62720 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63150 may suggest continuation after recent positive movement.
For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.86% over the past few days.
Key levels to watch out:
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February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
Construction Spending. Census Bureau
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