Forex

NZDUSD on Monday dropped -0.04% to 0.59536. Pair in consolidation. What we know.

NZDUSD on Monday dropped -0.04% to 0.59536. Pair in consolidation. What we know.
NZDUSD on Monday dropped -0.04% to 0.59536.  Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.04% -2.3 Pips
Week to-date 0.02% 1.2 Pips
August 0.03% 1.8 Pips

Upcoming key events (London Time)

Tue 11:45 PM NZD Employment Change

What happened lately

No major activities.

Latest from X (Twitter)


What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.04% to 0.59536. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.58783 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.59709 or trades above daily pivot 0.59246. Break above could target R1 at 0.59999. While to the downside, we are looking at 0.58783 (S1) and daily low of 0.58493 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.58493 would indicate selling pressure.

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

Key levels to watch out:

R3 0.61215
R2 0.60462
R1 0.59999
Daily Pivot 0.59246
S1 0.58783
S2 0.5803
S3 0.57567

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