NZDUSD on Tuesday rose 0.39% to 0.62069. Pair in consolidation. What we know.
|Performance after Tuesday|
|Week to-date||0.2%||12.2 Pips|
Upcoming key events (London Time)
Wed 11:45 PM NZD CPI Inflation Rate (12-mth)
What happened lately
🇺🇸 Building Permits (1-mth) in March below forecast and dropped to 1.413M compared to previous figure 1.55, revised from 1.524M in February Census Bureau
What can we expect from NZDUSD today?
NZDUSD on Tuesday rose 0.39% to 0.62069. Price is below 9-Day EMA while Stochastic is falling.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61812 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.62243 or trades above daily pivot 0.62027. Break above could target R1 at 0.62285. While to the downside, we are looking at 0.61812 (S1) and daily low of 0.61770 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.62243 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 Board’s discount rate meetings from February 21 through March 22, 2023. Federal Reserve
New Residential Construction. Census Bureau
Business Formation Statistics. Census Bureau
#NZDUSD Trending on Twitter
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