NZDUSD on Monday rose 0.88% to 0.62067. End July up by 1.19% or 73 pips higher. What we know.

NZDUSD Analysis

Performance after Monday
Monday0.88%54.2 Pips
Week to-date0.88%54.2 Pips
July1.19%73 Pips

Upcoming key events (London Time)

Tue 03:00 PM USD ISM Manufacturing PMI
Tue 11:45 PM NZD Employment Change
Wed 01:15 PM USD ADP Non-Farm Employment Change

What happened lately

No major activities.

NZDUSD 4-hour Chart by TradingView

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.88% to 0.62067. Price is above 9-Day EMA while Stochastic is falling in oversold zone.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Monday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.62365 with break above could target R2 at 0.62662 or figure level area. While towards the downside, we are looking at daily low of 0.61548 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62254 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

NZDUSD ended month of July trading session up by 1.19% or 73 pips higher.

Key levels to watch out:

Daily Pivot0.61956

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