NZDUSD on Thursday rose 1.32% to 0.62954. What we know.
|Performance after Thursday|
|Week to-date||0.84%||52.5 Pips|
Upcoming key events (London Time)
Fri 01:30 PM USD Retail Trade Turnover (1-mth) | Mar
Fri 03:00 PM USD Michigan Index of Consumer Sentiment | Apr flash
What happened lately
📆 🇳🇿 NZD Business NZ PMI | Mar in March below forecast and dropped to 48.1 points compared to previous figure 52 points in February
🇺🇸 📆 USD In the week ending 08 April, the Initial Unemployment Insurance Claims rose to 239K compared to previous figure 228K Department of Labor
📆 🇨🇳 CNY Trade Balance in USD | Mar in March exceed forecast and dropped to 88.19$ compared to previous figure 116.8$ in February
📆 🇺🇸 USD Monthly Budget Statement | Mar in March exceed forecast and dropped to -378$ compared to previous figure -262$ in February.
📆 🇺🇸 USD CPI Inflation Rate (12-mth) | Mar in March below forecast and dropped to 5% compared to previous figure 6% in February Bureau of Labor Statistics
What can we expect from NZDUSD today?
NZDUSD on Thursday rose 1.32% to 0.62954. Price is above 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Thursday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.63398 with break above could target R2 at 0.63842 or figure level area. While towards the downside, we are looking at daily low of 0.62010 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.63148 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:
You might be interested in:
Minutes of the Federal Open Market Committee, March 21-22, 2023. Federal Reserve
CPI for all items rises 0.1% in March as shelter increases. Bureau of Labor Statistics Publications
Retail card spending increases in March 2023. Stats NZ
#NZDUSD Trending on Twitter
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