NZDUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.7% | -41.0 Pips | ▼ |
| Week to-date | -1.41% | -83.0 Pips | ▼ |
| September | -1.99% | -118.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (1-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate (12-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (1-mth) |
| Fri 08:30 PM | USD | HIGH | CPI Inflation Rate excluding Food and Energy sectors (12-mth) |
| Fri 10:00 PM | USD | HIGH | Index of Consumer Sentiment |
What can we expect from NZDUSD today?
The NZDUSD pair is showing a bearish outlook today, with a daily performance of -0.7% and a close at 0.57970. The price is currently below the 9-day EMA, indicating potential further downside.
📈 Bull Scenario If the NZDUSD manages to break above the daily pivot of 0.5815, it could trigger a bullish scenario. Traders should watch for a move towards the first resistance level (R1) at 0.5838, with further gains possibly extending to the second resistance level (R2) at 0.5879. | 📉 Bear Scenario On the downside, a continuation of the bearish trend could see the NZDUSD testing the first support level (S1) at 0.5774. A break below this level might lead to further declines towards the second support level (S2) at 0.5751. The overall bearish weekly outlook supports this scenario. |
Key levels to watch out:
| R3 | 0.5902 |
| R2 | 0.5879 |
| R1 | 0.5838 |
| Daily Pivot | 0.5815 |
| S1 | 0.5774 |
| S2 | 0.5751 |
| S3 | 0.571 |