NZDUSD on Thursday dropped -0.28% to 0.60947. Pair in consolidation. What happened.

NZDUSD Analysis

Performance after Thursday
Thursday-0.28%-16.9 Pips
Week to-date0.51%30.9 Pips
February-0.36%-22.3 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

No major activities.

Latest from X (Twitter)

What can we expect from NZDUSD today?

NZDUSD on Thursday dropped -0.28% to 0.60947. 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 0.60742 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61235 or trades above daily pivot 0.60989. Break above could target R1 at 0.61193. While to the downside, we are looking at 0.60742 (S1) and daily low of 0.60784 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.60784 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:

Daily Pivot0.60989

Leave a comment

Your email address will not be published.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