NZDUSD Analysis
| Performance after Monday | |||
| Period | Pct | Chg | Momentum |
| Monday | -0.0511% | -3.0 Pips | ▼ |
| Week to-date | -0.0511% | -3.0 Pips | ▼ |
| August | -0.0511% | -3.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Wed 06:45 AM | NZD | HIGH | Employment Change |
What can we expect from NZDUSD today?
The NZDUSD pair is showing a bearish daily outlook, with a slight decline of 0.0511% as it closed at 0.58700. Traders will be closely watching the price movement around key technical levels today.
📈 Bull Scenario A bullish scenario could emerge if the NZDUSD breaks above the daily pivot point of 0.58787. In this case, the first resistance level (R1) to watch would be 0.58994, followed by the second resistance level (R2) at 0.59287. A sustained move above these levels could indicate a potential reversal in the current bearish trend. | 📉 Bear Scenario On the downside, if the NZDUSD continues to trade below the 9-day EMA, it could reinforce the bearish outlook. The first support level (S1) to monitor is 0.58494, and a break below this could lead to further declines towards the second support level (S2) at 0.58287. Traders should be cautious of a sustained bearish momentum if these support levels are breached. |
Key levels to watch out:
| R3 | 0.59494 |
| R2 | 0.59287 |
| R1 | 0.58994 |
| Daily Pivot | 0.58787 |
| S1 | 0.58494 |
| S2 | 0.58287 |
| S3 | 0.57994 |