NZDUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | 0.1898% | 11.0 Pips | ▲ |
| Week to-date | -3.2064% | -192.0 Pips | ▼ |
| June | -3.2064% | -192.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
What can we expect from NZDUSD today?
The NZDUSD pair closed on Monday with a modest gain of 0.1898%, ending the session at 0.58070. The daily outlook remains bullish, although the weekly performance suggests a bearish trend.
📈 Bull Scenario A bullish scenario for NZDUSD could unfold if the pair manages to break above the daily high of 0.58360. This would likely lead to a test of the first resistance level (R1) at 0.5837, with further upside potential towards the second resistance level (R2) at 0.5867. The current price above the 9-day EMA supports this bullish outlook. | 📉 Bear Scenario On the downside, a bearish move may be triggered if NZDUSD falls below the daily pivot of 0.5806. In this case, traders should watch for a move towards the first support level (S1) at 0.5776, with further decline potentially targeting the second support level (S2) at 0.5745. The weekly bearish outlook could further pressure the pair lower. |
Key levels to watch out:
| R3 | 0.5898 |
| R2 | 0.5867 |
| R1 | 0.5837 |
| Daily Pivot | 0.5806 |
| S1 | 0.5776 |
| S2 | 0.5745 |
| S3 | 0.5715 |