NZDUSD on Monday dropped -0.11% to 0.6152. Pair in consolidation. How it happened.

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Open High Low Close
0.61520 0.62006 0.61460 0.61519

Performance after Monday
Period Pct Chg Momentum
Monday -0.11% -6.8 Pips
Week to-date -0.22% -13.5 Pips
July -1.42% -88.5 Pips

Upcoming key events (London Time)

No further events

What happened lately

📆 ☢️ 🇳🇿 NZD Consumer Price Index (YoY) in Q2 exceed forecast and rose to 7.3% compared to previous figure 6.9% in Q1. Source
📆 🇳🇿 NZD Consumer Price Index (QoQ) in Q2 exceed forecast and dropped to 1.7% compared to previous figure 1.8% in Q1. Source

What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.11% to 0.6152. 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 0.61317 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.6201 or trades above daily pivot 0.61662 while to the downside, the daily low of 0.6146 and 0.61317 (S1) as key support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.6146 would indicate selling pressure.

For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.

Key levels to watch out:

R3 0.62409
R2 0.62208
R1 0.61863
Daily Pivot 0.61662
S1 0.61317
S2 0.61116
S3 0.60771

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Last updated: 01:33 am UTC, 19-Jul 2022

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