NZDUSD on Monday dropped -0.14% to 0.58797. Pair in consolidation. What we know.
NZDUSD Analysis
| Performance after Monday | |||||
| Period | Pct | Chg | Momentum | ||
| Monday | -0.14% | -8.1 Pips |  | ||
| Week to-date | -0.14% | -8.1 Pips | | ||
| November | 1.34% | 78 Pips |  | ||
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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:
| R3 | 0.5922 |
| R2 | 0.59096 |
| R1 | 0.58946 |
| Daily Pivot | 0.58822 |
| S1 | 0.58672 |
| S2 | 0.58548 |
| S3 | 0.58398 |
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