NZDUSD by TradingView
| Thursday | |||
| Open | High | Low | Close |
| 0.62529 | 0.62553 | 0.61960 | 0.62212 |
| Performance after Thursday | |||||
| Period | Pct | Chg | Momentum | ||
| Thursday | -0.54% | -33.8 Pips |  |
||
| Week to-date | 0.95% | 58.3 Pips | |
||
| February | -3.36% | -216.2 Pips |  |
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Upcoming key events (London Time)
Fri 03:00 PM USD ISM Services PMI
What happened lately
📆 🇳🇿 NZD ANZ – Roy Morgan Consumer Confidence in February dropped to 79.8 points compared to previous figure 83.4 points in January. Source 📆 🇺🇸 USD Unit Labor Costs in Q4 exceed forecast and rose to 3.2% compared to previous figure 1.1% in Q3. Source 🇺🇸 📆 USD In the week ending 25 February, the Initial Jobless Claims dropped to 190K compared to previous figure 192K. Source 📆 ☢️ 🇺🇸 USD ISM Manufacturing PMI in February below forecast and rose to 47.7 points compared to previous figure 47.4 points in January. Source 📆 🇺🇸 USD S&P Global Manufacturing PMI in February below forecast and dropped to 47.3 points compared to previous figure 47.8 points in January. Source 📆 🇳🇿 NZD Building Permits s.a. (MoM) in January exceed forecast and improved to -1.5% compared to previous figure -7.1, revised from -7.2% in December. Source 📆 🇺🇸 USD Chicago Purchasing Managers’ Index in February below forecast and dropped to 43.6 points compared to previous figure 44.3 points in January. Source
What can we expect from NZDUSD today?
NZDUSD on Thursday dropped -0.54% to 0.6221. Price is below 9-Day EMA while Stochastic is rising.
Updated daily direction for NZDUSD looks mixed as the pair is likely to consolidate above 0.61930 (S1).
Looking ahead today, we are looking at 0.6276 or 0.62523 (R1) as important resistance level while to the downside, the daily low of 0.6196 and 0.61930 (S1) as key support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.6196 would indicate selling pressure.
For the week to-date, take note that NZDUSD is mixed as the current price action remain uncertain due to trader indecisiveness.
Key levels to watch out:
| R3 | 0.63116 |
| R2 | 0.62835 |
| R1 | 0.62523 |
| Daily Pivot | 0.62242 |
| S1 | 0.61930 |
| S2 | 0.61649 |
| S3 | 0.61337 |
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Last updated: 11:32 pm UTC, 02-Mar 2023
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