NZDUSD on Tuesday rose 0.42% to 0.60430. What we know.

NZDUSD Analysis

Performance after Tuesday
Tuesday0.42%25.4 Pips
Week to-date0.94%56 Pips
October0.8%48 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Producer Price Index (12-mth)
Wed 07:00 PM USD FOMC Meeting Minutes
Thu 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.


What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.42% to 0.60430. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.60617 with break above could target R2 at 0.60804 or figure level area. While towards the downside, we are looking at daily low of 0.59983 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60487 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 0.94% over the past few days.

Key levels to watch out:

Daily Pivot0.603

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