NZDUSD on Monday dropped -0.14% to 0.58797. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Monday-0.14%-8.1 Pips
Week to-date-0.14%-8.1 Pips
November1.34%78 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD CPI Inflation Rate (1-mth)
Tue 01:30 PM USD CPI Inflation Rate (12-mth)
Wed 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Wed 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

No major activities.

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What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.14% to 0.58797. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.58672 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.58971 or trades above daily pivot 0.58822. Break above could target R1 at 0.58946. While to the downside, we are looking at 0.58672 (S1) and daily low of 0.58697 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.58697 would indicate selling pressure.

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

Key levels to watch out:

Daily Pivot0.58822

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