NZDUSD on Monday rose 0.03% to 0.61291. Pair in consolidation. What we know.
NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | 0.03% | 1.9 Pips |  | ||
| Week to-date | 0.03% | 1.9 Pips | | ||
| June | 1.86% | 112.1 Pips | | ||
Upcoming key events (London Time)
Tue 01:30 PM USD CPI Inflation Rate (12-mth) Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate) Wed 07:00 PM USD Interest Rate Projections
Wed 10:45 PM NZD GDP (3-mth) Wed 10:45 PM NZD GDP (12-mth)
What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.03% to 0.61291. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61053 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61524 or trades above daily pivot 0.61289. Break above could target R1 at 0.61526. While to the downside, we are looking at 0.61053 (S1) and daily low of 0.61051 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.61524 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:
| R3 | 0.61999 |
| R2 | 0.61762 |
| R1 | 0.61526 |
| Daily Pivot | 0.61289 |
| S1 | 0.61053 |
| S2 | 0.60816 |
| S3 | 0.6058 |
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