NZDUSD on Tuesday dropped -0.08% to 0.63380. Pair in consolidation. What we know.
NZDUSD Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | -0.08% | -5.2 Pips |  | ||
| Week to-date | 0.72% | 45 Pips |  | ||
| May | 2.51% | 154.9 Pips |  | ||
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What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Tuesday dropped -0.08% to 0.63380. Price is above 9-Day EMA while Stochastic is rising in overbought zone.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.63212 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.63443 or trades above daily pivot 0.63328. Break above could target R1 at 0.63495. While to the downside, we are looking at 0.63212 (S1) and daily low of 0.63160 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.63160 would indicate selling pressure.
For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.72% over the past few days.
Key levels to watch out:
| R3 | 0.63778 |
| R2 | 0.63611 |
| R1 | 0.63495 |
| Daily Pivot | 0.63328 |
| S1 | 0.63212 |
| S2 | 0.63045 |
| S3 | 0.62929 |
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