NZDUSD on Monday rose 0.49% to 0.58505. What we know.
|Performance after Monday|
|Week to-date||0.49%||28.7 Pips|
Upcoming key events (London Time)
No major events for the day.
What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.49% to 0.58505. Price is below 9-Day EMA while Stochastic is rising 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 0.58697 with break above could target R2 at 0.5889 or figure level area. While towards the downside, we are looking at daily low of 0.58070 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.58576 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:
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