NZDUSD on Wednesday rose 0.73% to 0.62093. What we know.
NZDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.73% | 44.7 Pips |  | ||
| Week to-date | -0.38% | -23.7 Pips |  | ||
| June | 3.2% | 192.3 Pips |  | ||
Upcoming key events (London Time)
Thu 03:00 PM USD Federal Reserve Chair Jerome Powell testifies
What happened lately
🇺🇸 U.S. Building Permits (1-mth) in May exceed forecast and rose to 1.491M compared to previous figure 1.417, revised from 1.416M in April Census Bureau
What can we expect from NZDUSD today?
NZDUSD on Wednesday rose 0.73% to 0.62093. Price is above 9-Day EMA while Stochastic is falling in overbought zone.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.62327 with break above could target R2 at 0.62562 or figure level area. While towards the downside, we are looking at daily low of 0.61556 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62176 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 | 0.62947 |
| R2 | 0.62562 |
| R1 | 0.62327 |
| Daily Pivot | 0.61942 |
| S1 | 0.61707 |
| S2 | 0.61322 |
| S3 | 0.61087 |
You might be interested in:
Powell, Semiannual Monetary Policy Report to the Congress. Federal Reserve Business Formation Statistics. Census Bureau New Residential Construction. Census Bureau
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