NZDUSD Analysis
| Performance after Tuesday | |||
| Period | Pct | Chg | Momentum |
| Tuesday | -0.4% | -23.0 Pips | ▼ |
| Week to-date | -0.54% | -31.0 Pips | ▼ |
| July | 0.02% | 1.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 10:00 AM | NZD | HIGH | RBNZ Interest Rate Decision (Official Cash Rate) |
| Thu 02:00 AM | USD | HIGH | FOMC Meeting Minutes |
What can we expect from NZDUSD today?
The NZDUSD pair closed down 0.4% on Tuesday, ending the session at 0.56770. With a mixed daily outlook and the price currently below the 9-day EMA, traders are watching for potential movements in either direction.
📈 Bull Scenario A bullish scenario could unfold if the NZDUSD manages to break above the daily pivot at 0.56847. This could lead to a test of the first resistance level at 0.56983. Further upward momentum might target the second resistance at 0.57197, especially if the rising stochastic supports continued buying interest. | 📉 Bear Scenario Conversely, a bearish scenario may develop if the pair falls below the first support level at 0.56633. A sustained move lower could see the NZDUSD testing the second support at 0.56497. The price remaining below the 9-day EMA suggests that downward pressure could persist if these support levels are breached. |
Key levels to watch out:
| R3 | 0.57333 |
| R2 | 0.57197 |
| R1 | 0.56983 |
| Daily Pivot | 0.56847 |
| S1 | 0.56633 |
| S2 | 0.56497 |
| S3 | 0.56283 |