NZDUSD on Monday rose 0.56% to 0.58393. Pair in consolidation. What we know.
|Performance after Monday|
|Week to-date||0.56%||32.4 Pips|
Upcoming key events (London Time)
Tue 09:45 PM NZD Employment Change
Tue 09:45 PM NZD Unemployment Rate
Tue 10:00 PM NZD RBNZ’s Governor Adrian Orr speech
Wed 06:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 06:00 PM USD FOMC Monetary Policy Statement
What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Monday rose 0.56% to 0.58393. Price is below 9-Day EMA while Stochastic is rising in oversold zone.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.58145 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.58452 or trades above daily pivot 0.58298. Break above could target R1 at 0.58547. While to the downside, we are looking at 0.58145 (S1) and daily low of 0.58050 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.58452 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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No major reports.