NZDUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | 0.15% | 9.0 Pips | ▲ |
| Week to-date | 0.19% | 11.0 Pips | ▲ |
| June | -3.02% | -181.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Thu 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) |
What can we expect from NZDUSD today?
The NZDUSD pair closed with a modest gain of 0.15% on Tuesday, ending the session at 0.58160. The daily outlook remains mixed, with the price trading below the 9-day EMA and the stochastic indicator rising in the oversold zone.
📈 Bull Scenario A bullish scenario could unfold if the NZDUSD breaks above the daily pivot at 0.582. In this case, traders should watch for a move towards the first resistance level at 0.5843, followed by a potential test of the second resistance at 0.587. | 📉 Bear Scenario Conversely, a bearish move may be triggered if the pair falls below the first support level at 0.5793. Should this occur, further downside could target the second support level at 0.577, especially if selling pressure intensifies. |
Key levels to watch out:
| R3 | 0.5893 |
| R2 | 0.587 |
| R1 | 0.5843 |
| Daily Pivot | 0.582 |
| S1 | 0.5793 |
| S2 | 0.577 |
| S3 | 0.5743 |