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NZDUSD on Wednesday rose 1.46% to 0.5717. Pair in consolidation. Things to look out.
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Wednesday
Open High Low Close
0.56278 0.57340 0.55630 0.57166
Performance after Wednesday
Period Pct Chg Momentum
Wednesday 1.46% 82.1 Pips
Week to-date -0.48% -27.4 Pips
September -6.51% -397.8 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD Gross Domestic Product Annualized

What happened lately

📆 🇺🇸 USD Pending Home Sales (MoM) in August exceed forecast and dropped to -2% compared to previous figure -0.6, revised from -1% in July. Source
📆 🇺🇸 USD Housing Price Index (MoM) in July below forecast and dropped to -0.6% compared to previous figure 0.1% in June. Source
📆 🇺🇸 USD S&P/Case-Shiller Home Price Indices (YoY) in July below forecast and dropped to 16.1% compared to previous figure 18.7, revised from 18.6% in June. Source
📆 ☢️ 🇺🇸 USD Durable Goods Orders in August below forecast and dropped to -0.2% compared to previous figure -0.1, revised from 0% in July. Source
📆 🇺🇸 USD Chicago Fed National Activity Index in August below forecast and dropped to 0 points compared to previous figure 0.29, revised from 0.27 points in July. Source


What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 1.46% to 0.5717. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.56084 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.5734 or trades above daily pivot 0.56712 while to the downside, the daily low of 0.5563 and 0.56084 (S1) as key support levels. NZDUSD need to break on either side to indicate a short-term bias. A break above 0.5734 would suggest bullish bias after recent positive movement.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.48%.

Key levels to watch out:

R3 0.59504
R2 0.58422
R1 0.57794
Daily Pivot 0.56712
S1 0.56084
S2 0.55002
S3 0.54374

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Last updated: 12:34 am UTC, 29-Sep 2022

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