NZDUSD on Monday dropped -0.12% to 0.61675. Pair in consolidation. Things to look out.

NZDUSD Analysis

Performance after Monday
PeriodPctChgMomentum
Monday-0.12%-7.4 Pips
Week to-date-0.12%-7.4 Pips
March1.34%81.7 Pips

Upcoming key events (London Time)

Tue 12:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

No major activities.

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What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.12% to 0.61675. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61572 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.61823 or trades above daily pivot 0.61697. Break above could target R1 at 0.61801. While to the downside, we are looking at 0.61572 (S1) and daily low of 0.61594 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.61594 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:

R30.6203
R20.61926
R10.61801
Daily Pivot0.61697
S10.61572
S20.61468
S30.61343

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