NZDUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.19% | -11.0 Pips | ▼ |
| Week to-date | -0.19% | -11.0 Pips | ▼ |
| July | 1.27% | 72.0 Pips | ▲ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Tue 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Tue 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) |
| Wed 08:30 PM | USD | HIGH | PPI excluding Food and Energy sectors (12-mth) |
What can we expect from NZDUSD today?
The NZDUSD pair closed Monday with a slight decline of 0.19%, ending the day at 0.57480. The daily outlook remains mixed, suggesting potential for both upward and downward movements.
📈 Bull Scenario If the NZDUSD gains momentum and breaks above the daily pivot at 0.57593, it could target the first resistance level at 0.57767. A further push might see the pair testing the second resistance at 0.58053. The fact that the price is currently above the 9-day EMA supports a bullish scenario. | 📉 Bear Scenario On the downside, a break below the first support level at 0.57307 could signal further declines, with the next target being the second support at 0.57133. The falling stochastic indicator suggests that bearish pressure might persist, potentially driving the pair lower. |
Key levels to watch out:
| R3 | 0.58227 |
| R2 | 0.58053 |
| R1 | 0.57767 |
| Daily Pivot | 0.57593 |
| S1 | 0.57307 |
| S2 | 0.57133 |
| S3 | 0.56847 |