|Performance after Monday|
|Week to-date||-0.22%||-13.5 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:
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No major reports.
Last updated: 01:33 am UTC, 19-Jul 2022
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