NZDUSD by TradingView
| 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
#NZDUSD Trending on Twitter
