NZDUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.02% | -1.0 Pips | ▼ |
| Week to-date | -1.6% | -92.0 Pips | ▼ |
| June | -5.68% | -340.0 Pips | ▼ |
Upcoming key events (GMT+8)
No major events for the day.
What can we expect from NZDUSD today?
The NZDUSD pair is showing a mixed outlook for Thursday, with a slight decline of 0.02% in the previous session, closing at 0.56470. The pair remains below the 9-day EMA, and the stochastic indicator is rising within the oversold zone.
📈 Bull Scenario A bullish scenario could unfold if the NZDUSD breaks above the daily pivot of 0.56463 and sustains momentum. Traders should watch for a move towards the first resistance level (R1) at 0.56617, with further gains potentially targeting the second resistance level (R2) at 0.56763. | 📉 Bear Scenario Conversely, a bearish scenario may develop if the pair falls below the daily pivot and approaches the first support level (S1) at 0.56317. A breach of this level could lead to further downside, with the second support level (S2) at 0.56163 as the next target. |
Key levels to watch out:
| R3 | 0.56917 |
| R2 | 0.56763 |
| R1 | 0.56617 |
| Daily Pivot | 0.56463 |
| S1 | 0.56317 |
| S2 | 0.56163 |
| S3 | 0.56017 |