NZDUSD on Wednesday rose 0.24% to 0.61126. Winners and losers.

NZDUSD Analysis

Performance after Wednesday
PeriodPctChgMomentum
Wednesday0.24%14.4 Pips
Week to-date0.8%48.5 Pips
February-0.08%-4.7 Pips

Upcoming key events (London Time)

Thu 02:00 AM NZD RBNZ Inflation Expectations (3-mth)

What happened lately

🇳🇿 New Zealand Labour Cost Index (LCI) (3-mth) in Q4 rose to 1% compared to previous figure 0.8% in Q3 Source: Stats NZ
🇳🇿 New Zealand Employment Change in Q4 rose to 0.4% compared to previous figure -0.2% in Q3 Source: Stats NZ
🇳🇿 New Zealand Unemployment Rate in Q4 rose to 4% compared to previous figure 3.9% in Q3 Source: Stats NZ

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What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.24% to 0.61126. 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 0.61276 with break above could target R2 at 0.61425 or figure level area. While towards the downside, we are looking at daily low of 0.60917 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61246 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:

R30.61605
R20.61425
R10.61276
Daily Pivot0.61096
S10.60947
S20.60767
S30.60618

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