NZDUSD on Monday dropped -0.61% to 0.61926. What we know.

NZDUSD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday-0.61%-38.3 Pips
Week to-date-0.71%-44.6 Pips
January-1.93%-121.9 Pips

Upcoming key events (London Time)

Wed 01:30 PM USD Monthly Retail Trade (1-mth)

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.61% to 0.61926. Price is below 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 0.61695 with break below could see further selling pressure towards S2 at 0.61463. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.62420 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.61826 would indicate selling pressure.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.71%.

Key levels to watch out:

R30.62883
R20.62651
R10.62289
Daily Pivot0.62057
S10.61695
S20.61463
S30.61101

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