NZDUSD on Thursday dropped -0.54% to 0.6221. Pair in consolidation. Why it matters.



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

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

You might also be interested in:

Construction Spending Source: Census Bureau
Minutes of the Board’s discount rate meetings from January 23 and February 1, 2023 Source: Federal Reserve
Advance Retail Inventories Source: Census Bureau
Advance U.S. International Trade in Goods Source: Census Bureau
Advance Wholesale Inventories Source: Census Bureau

Last updated: 11:32 pm UTC, 02-Mar 2023

#NZDUSD Trending on Twitter

#GBPCHF ALL targets done! 120+ pips profit.✅🎯

Join http://t.me/prometheusclub for #forex signals

#xauusd #eurusd #eurjpy #usdcad #usdjpy #gbpusd #nasdaq #dji #spx #usoil #crudeoil #tsla #aapl #spy #amzn #qqq #forextrading #btc #bitcoin #eth #nfts #crypto #usdchf

この人の分析本当にすごい。 RENさん
@investorREN_

USDJPY(ドル円)をここまで当てられる人はいないんじゃないかな。

XAUUSD(ゴールド)も載せてて
ロングやショートも

ISMのタイミングもかなり参考になる。

初心者の方はフォロー推奨です。
#投資家さんと繋がりたい
#ドル円
#USDJPY
#BTC

この人のおかげでドル円ショート55pips利確!

この人→@shigefxgold

界隈一参考になる!

見たら分かる

フォロー推奨

アメリカ3月ISM製造業景況指数爆上げで米国はFXトレード指標エントリーはドル円ロング?

考察、分析、先出し神

売り買いはゴールド、ポンド円、ユーロドル

#USDJPY #BTC

Load More

Leave a comment

Your email address will not be published. Required fields are marked *