NZDUSD on Thursday dropped -0.57% to 0.6243. Buyers beware. What happened.



Thursday
Open High Low Close
0.62830 0.63093 0.62300 0.62430
Performance after Thursday
Period Pct Chg Momentum
Thursday -0.57% -36 Pips
Week to-date -0.97% -61.2 Pips
February -3.02% -194.4 Pips

Upcoming key events (London Time)

No further events

What happened lately

📆 🇺🇸 USD Philadelphia Fed Manufacturing Survey in February below forecast and dropped to -24.3 points compared to previous figure -8.9 points in January. Source
📆 ☢️ 🇺🇸 USD Retail Sales Control Group in January exceed forecast and rose to 1.7% compared to previous figure -0.7% in December. Source
📆 ☢️ 🇺🇸 USD Consumer Price Index ex Food & Energy (YoY) in January exceed forecast and dropped to 5.6% compared to previous figure 5.7% in December. Source
📆 🇳🇿 NZD RBNZ Inflation Expectations (QoQ) in Q1 dropped to 3.3% compared to previous figure 3.62% in Q4. Source


What can we expect from NZDUSD today?

NZDUSD on Thursday dropped -0.57% to 0.6243. Price is below 9-Day EMA while Stochastic is falling but in oversold zone.

Updated daily direction for NZDUSD looks bearish as the pair posted lower in Thursday trading session.

Looking ahead for the day, immediate support level is at 0.62122 (S1) with break below could see further selling pressure towards 0.61815 (S2). To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.6309 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 0.6230 would indicate selling pressure.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.97%.

Key levels to watch out:

R3 0.63708
R2 0.63401
R1 0.62915
Daily Pivot 0.62608
S1 0.62122
S2 0.61815
S3 0.61329

You might also be interested in:

New Residential Construction Source: Census Bureau
Manufacturing and Trade Inventories and Sales Source: Census Bureau
Advanced Monthly Sales for Retail and Food Services Source: Census Bureau
CPI for all items rises 0.5% in January as shelter increases Source: Bureau of Labor Statistics Publications

Last updated: 11:35 pm UTC, 16-Feb 2023

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この人の分析本当にすごい。 RENさん
@investorREN_

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