NZDUSD on Wednesday rose 0.27% to 0.60240. What we know.
NZDUSD Analysis
| Performance after Wednesday | |||||
| Period | Pct | Chg | Momentum | ||
| Wednesday | 0.27% | 16.4 Pips |  | ||
| Week to-date | 2.31% | 136.2 Pips | | ||
| November | 3.83% | 222 Pips |  | ||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 U.S. New York Empire State Manufacturing Index in November exceed forecast and rose to 9.1 points compared to previous figure -4.6 points in October 🇺🇸 U.S. Producer Price Index (12-mth) in October below forecast and dropped to 1.3% compared to previous figure 2.2% in September 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (1-mth) in October below forecast and dropped to 0.2% compared to previous figure 0.3% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate (12-mth) in October below forecast and dropped to 3.2% compared to previous figure 3.7% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate (1-mth) in October below forecast and dropped to 0% compared to previous figure 0.4% in September Bureau of Labor Statistics 🇺🇸 U.S. CPI Inflation Rate excluding Food and Energy sectors (12-mth) in October below forecast and dropped to 4% compared to previous figure 4.1% in September Bureau of Labor Statistics
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What can we expect from NZDUSD today?
NZDUSD on Wednesday rose 0.27% to 0.60240. Price is above 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks bullish as the pair ended higher after Wednesday trading session.
Looking ahead for the day, immediate upside resistance level is R1 at 0.60533 with break above could target R2 at 0.60826 or figure level area. While towards the downside, we are looking at daily low of 0.59969 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60544 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 2.31% over the past few days.
Key levels to watch out:
| R3 | 0.61108 |
| R2 | 0.60826 |
| R1 | 0.60533 |
| Daily Pivot | 0.60251 |
| S1 | 0.59958 |
| S2 | 0.59676 |
| S3 | 0.59383 |
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