NZDUSD Analysis
| Performance after Wednesday | |||
| Period | Pct | Chg | Momentum |
| Wednesday | -0.14% | -8.0 Pips | ▼ |
| Week to-date | -0.42% | -24.0 Pips | ▼ |
| September | -4.8% | -284.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| Thu 10:00 PM | USD | HIGH | ISM Manufacturing PMI |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (1-mth) |
| Fri 08:30 PM | USD | HIGH | Average Hourly Earnings (12-mth) |
| Fri 08:30 PM | USD | HIGH | Nonfarm Payroll Employment |
What can we expect from NZDUSD today?
The NZDUSD pair is exhibiting a mixed outlook today, following a slight decline of 0.14% in its previous session. With the price currently below the 9-day EMA and the stochastic indicator in the oversold zone, 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 point at 0.5641. Should the pair continue to rise, traders will be eyeing the first resistance level (R1) at 0.5654, with further gains potentially targeting the second resistance level (R2) at 0.5677. | 📉 Bear Scenario Conversely, a bearish trend may develop if the NZDUSD falls below the first support level (S1) at 0.5618. A continued decline could see the pair testing the second support level (S2) at 0.5605, especially given the overall bearish weekly outlook and the current oversold condition of the stochastic indicator. |
Key levels to watch out:
| R3 | 0.569 |
| R2 | 0.5677 |
| R1 | 0.5654 |
| Daily Pivot | 0.5641 |
| S1 | 0.5618 |
| S2 | 0.5605 |
| S3 | 0.5582 |