NZDUSD on Tuesday rose 0.5% to 0.59040. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.5%	29.6 Pips
Week to-date	0.25%	15 Pips
July	-3.2%	-195.2 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)

What happened lately

🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in June dropped to 8.184M compared to the previous figure of 8.23M, revised from 8.14M in May. Source: Bureau of Labor Statistics
🇺🇸 U.S. House Price Index (1-mth) in May dropped to 0% from a revised figure of 0.3% in April. Source: FHFA

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What can we expect from NZDUSD today?

NZDUSD on Tuesday rose 0.5% to 0.59040. Price is below 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.59177 with break above could target R2 at 0.59313 or figure level area. While towards the downside, we are looking at daily low of 0.58672 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.59061 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

Key levels to watch out:

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