NZDUSD on Wednesday rose 0.03% to 0.61620. What you need to know.

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.03%	1.7 Pips
Week to-date	1.73%	104.5 Pips
August	3.53%	210.2 Pips

Upcoming key events (London Time)

Thu 03:00 PM USD Jackson Hole Symposium
Thu 11:45 PM NZD Retail Trade Turnover (3-mth)
Fri 03:00 PM USD Federal Reserve Chair Jerome Powell speech (Jackson Hole Symposium)

What happened lately

🇳🇿 In July, New Zealand’s 12-month trade balance in NZD improved to -9.29$ from the revised June figure of -9.4$, previously reported as -9.5$. Source: Stats NZ
In July, New Zealand exports dropped to $6.15 billion compared to $6.17 billion in June. Source: Stats NZ
🇳🇿 New Zealand imports in July rose to $7.11 billion compared to a revised figure of $5.45 billion in June. Source: Stats NZ

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.03% to 0.61620. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.61827 with break above could target R2 at 0.62035 or figure level area. While towards the downside, we are looking at daily low of 0.61318 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61780 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 1.73% over the past few days.

Key levels to watch out:

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