NZDUSD Analysis
| Performance after Thursday | |||
| Period | Pct | Chg | Momentum |
| Thursday | -0.5% | -28.0 Pips | ▼ |
| Week to-date | -0.42% | -24.0 Pips | ▼ |
| October | -4.8% | -284.0 Pips | ▼ |
Upcoming key events (GMT+8)
| Time (GMT+8) | Currency | Impact | Event |
| 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?
NZDUSD is facing a bearish outlook today, with the pair closing 0.5% lower at 0.56030. The price remains below the 9-day EMA, and the stochastic indicator is in the oversold zone, suggesting potential for further downside.
If NZDUSD manages to gain upward momentum, a break above the daily pivot at 0.56113 could lead to a test of the first resistance level at 0.56317. A further push might target the second resistance level at 0.56603, but sustained bullish sentiment would be required to maintain such a move.
On the downside, continued bearish pressure could see NZDUSD testing the first support level at 0.55827. If this level fails to hold, the pair might find further support at 0.55623. Given the current bearish daily and weekly outlook, these support levels could be critical in determining the pair’s short-term direction.
📈 Bull Scenario Watch resistance levels R1 and R2 for bullish continuation. | 📉 Bear Scenario Watch support levels S1 and S2 for bearish breakdown. |
Key levels to watch out:
| R3 | 0.56807 |
| R2 | 0.56603 |
| R1 | 0.56317 |
| Daily Pivot | 0.56113 |
| S1 | 0.55827 |
| S2 | 0.55623 |
| S3 | 0.55337 |