|Performance after Tuesday|
|Week to-date||-1.50%||-89.6 Pips|
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What happened lately
No major activities.
What can we expect from NZDUSD today?
NZDUSD on Tuesday dropped -0.97% to 0.5899. Price is below 9-Day EMA while Stochastic is rising but in oversold zone.
Updated daily direction for NZDUSD looks bearish as the pair posted lower in Tuesday trading session.
Looking ahead for the day, immediate support level is at 0.58628 (S1) with break below could see further selling pressure towards 0.58265 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.5976 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.5883 would indicate selling pressure.
For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -1.50%.
Key levels to watch out:
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Last updated: 12:34 am UTC, 21-Sep 2022
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