NZDUSD on Thursday dropped -1.19% to 0.62410. What we know.
NZDUSD Analysis
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -1.19% | -74.9 Pips |  | ||
| Week to-date | -0.26% | -16 Pips |  | ||
| April | -0.26% | -16 Pips | | ||
Upcoming key events (London Time)
Fri 06:00 AM USD Good Friday 
Fri 01:30 PM USD Nonfarm Payroll Employment | Mar
What happened lately
🇺🇸 📆 USD In the week ending 01 April, the Initial Unemployment Insurance Claims rose to 228K compared to previous figure 198K. Department of Labor 📆 🇺🇸 USD S&P Global Composite PMI | Mar in March below forecast and dropped to 52.3 points compared to previous figure 53.3 points in February. 📆 🇺🇸 USD Goods and Services Trade Balance | Feb in February exceed forecast and dropped to -70.5$ compared to previous figure -68.7, revised from -68.3$ in January. 
📆 ☢️ 🇳🇿 NZD RBNZ Interest Rate Decision (Official Cash Rate) increased to 5.25% compared to previous rate 4.75%. Reserve Bank of New Zealand
What can we expect from NZDUSD today?
NZDUSD on Thursday dropped -1.19% to 0.62410. Price is neutral near 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks bearish as the pair posted lower in Thursday trading session.
Looking ahead for the day, immediate support level is at S1 0.62081 with break below could see further selling pressure towards S2 at 0.61751. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.63206 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.62314 would indicate selling pressure.
For the week to-date, take note that NZDUSD is mixed as compared to the prior week.
Key levels to watch out:
| R3 | 0.63865 |
| R2 | 0.63535 |
| R1 | 0.62973 |
| Daily Pivot | 0.62643 |
| S1 | 0.62081 |
| S2 | 0.61751 |
| S3 | 0.61189 |
You might be interested in:
U.S. International Trade in Goods and Services, February 2023. Bureau of Economic Analysis U.S. International Trade in Goods and Services. Census Bureau Manufacturers’ Shipments, Inventories, and Orders. Census Bureau
Official Cash Rate increased to 5.25 percent. RBNZ February job openings and layoffs and discharges decrease; quits edge up. Bureau of Labor Statistics Publications
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