NZDUSD on Thursday dropped -0.07% to 0.5846. Pair in consolidation. Why it matters.
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Open High Low Close
0.58304 0.58877 0.58020 0.58459
Performance after Thursday
Period Pct Chg Momentum
Thursday -0.07% -4.3 Pips
Week to-date -2.38% -142.7 Pips
September -4.39% -268.5 Pips

Upcoming key events (London Time)

Fri 07:00 PM USD Fed’s Chair Powell speech

What happened lately

📆 USD In the week ending 17 September, the Initial Jobless Claims rose to 213K compared to previous figure 208K (revised from 213K).. Source
📆 🇳🇿 NZD Imports in August rose to 7.93$ compared to previous figure 7.76, revised from 7.77$ in July. Source
📆 🇳🇿 NZD Trade Balance NZD (YoY) in August dropped to -12.28$ compared to previous figure -11.97, revised from -11.64$ in July. Source
📆 🇳🇿 NZD Exports in August dropped to 5.48$ compared to previous figure 6.35, revised from 6.68$ in July. Source
📆 🇳🇿 NZD Westpac Consumer Survey in Q3 rose to 87.6 points compared to previous figure 78.7 points in Q2. Source
📆 ☢️ 🇺🇸 USD Fed Interest Rate Decision rose to 3.25% compared to previous rate 2.5%. Source

What can we expect from NZDUSD today?

NZDUSD on Thursday dropped -0.07% to 0.5846. Price is below 9-Day EMA while Stochastic is falling but in oversold zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.58027 (S1).

Looking ahead today, we are looking at 0.5911 or 0.58884 (R1) as important resistance level while to the downside, the daily low of 0.5802 and 0.58027 (S1) as key support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.5802 would indicate selling pressure.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -2.38%.

Key levels to watch out:

R3 0.59741
R2 0.59309
R1 0.58884
Daily Pivot 0.58452
S1 0.58027
S2 0.57595
S3 0.57170

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Last updated: 12:34 am UTC, 23-Sep 2022

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