NZDUSD on Thursday dropped -0.01% to 0.61096. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Thursday
PeriodPctChgMomentum
Thursday-0.01%-0.5 Pips
Week to-date-0.01%-0.6 Pips
January-3.26%-205.9 Pips

Upcoming key events (London Time)

Fri 01:30 PM USD Personal Consumption Expenditures Price Index (12-mth)

What happened lately

🇺🇸 U.S. Gross Domestic Product Price Index in Q4 preliminary estimate below forecast and dropped to 1.5% compared to previous figure 3.3% in Q3 Source: Bureau of Economic Analysis
🇺🇸 U.S. Core Personal Consumption Expenditures (3-mth) in Q4 preliminary estimate unchanged at 2% compared to previous report in Q3. The actual figure is also in line with the forecast Source: Bureau of Economic Analysis
🇺🇸 U.S. Durable Goods Orders excluding Transportation in December exceed forecast and rose to 0.6% compared to previous figure 0.4, revised from 0.5% in November Source: Census Bureau

Latest from X (Twitter)


What can we expect from NZDUSD today?

NZDUSD on Thursday dropped -0.01% to 0.61096. Price is below 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.60952 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61325 or trades above daily pivot 0.61138. Break above could target R1 at 0.61283. While to the downside, we are looking at 0.60952 (S1) and daily low of 0.60994 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.60994 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:

R30.61614
R20.61469
R10.61283
Daily Pivot0.61138
S10.60952
S20.60807
S30.60621

Leave a comment

Your email address will not be published. Required fields are marked *