NZDUSD on Friday rose 0.60% to 0.6159. Upside optimism ahead. How it happened.

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Open High Low Close
0.61224 0.61770 0.61160 0.61587

Performance after Friday
Period Pct Chg Momentum
Friday 0.60% 36.7 Pips
Week ending 2022-07-15 -0.52% -32.3 Pips
July -1.31% -81.7 Pips

Upcoming key events (London Time)

No further events

What happened lately

📆 🇳🇿 NZD Consumer Price Index (QoQ) in Q2 exceed forecast and dropped to 1.7% compared to previous figure 1.8% in Q1. Source
📆 🇺🇸 USD Retail Sales ex Autos (MoM) in June exceed forecast and rose to 1% compared to previous figure 0.6, revised from 0.5% in May. Source

What can we expect from NZDUSD today?

NZDUSD on Friday rose 0.60% to 0.6159. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Friday trading session.

Looking ahead on Monday, immediate upside resistance level is at 0.61851 (R1) while on the downside, we are looking at daily low of 0.6116 as an important support. Break below this level could weaken the current bullish momentum. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.6177 would suggest bullish bias after recent positive movement.

For the week ending 2022-07-15 take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.62461
R2 0.62116
R1 0.61851
Daily Pivot 0.61506
S1 0.61241
S2 0.60896
S3 0.60631

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Advance Monthly Sales for Retail and Food Services Source: Census Bureau
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U.S. import prices increase 0.2% in June on higher fuel prices; export prices rise 0.7% Source: Bureau of Labor Statistics Publications
PPI for final demand advances 1.1% in June; goods rise 2.4%, services increase 0.4% Source: Bureau of Labor Statistics Publications

Last updated: 01:32 am UTC, 18-Jul 2022

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