NZDUSD on Tuesday rose 0.19% to 0.61350. What we know.

NZDUSD Analysis

Performance after Tuesday
PeriodPctChgMomentum
Tuesday0.19%11.9 Pips
Week to-date0.27%16.4 Pips
December-0.29%-17.9 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 09:45 PM NZD GDP (3-mth)
Wed 09:45 PM NZD GDP (12-mth)
Thu 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

🇺🇸 U.S. CPI Inflation Rate (12-mth) in November dropped to 3.1% compared to previous figure 3.2% in October Source: Bureau of Labor Statistics

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What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.19% to 0.61350. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Tuesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.61682 with break above could target R2 at 0.62015 or figure level area. While towards the downside, we are looking at daily low of 0.61045 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61696 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:

R30.62333
R20.62015
R10.61682
Daily Pivot0.61364
S10.61031
S20.60713
S30.6038

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