NZDUSD on Wednesday dropped -0.03% to 0.60784. Pair in consolidation. What we know.

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	-0.03%	-2.1 Pips
Week to-date	-0.28%	-17.1 Pips
July	-0.34%	-20.8 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Industrial Production (1-mth) in June dropped to 0.9% compared to previous figure 1% (revised from 0.9%)
🇳🇿 New Zealand CPI Inflation Rate (12-mth) in Q2 dropped to 3.3% compared to previous figure 4% in Q1 Source: Stats NZ
🇺🇸 U.S. Monthly Retail Trade (1-mth) in June dropped to 0% compared to previous figure 0.1% in May Source: Census Bureau

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Wednesday dropped -0.03% to 0.60784. 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 0.60629 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.60971 or trades above daily pivot 0.608. Break above could target R1 at 0.60955. While to the downside, we are looking at 0.60629 (S1) and daily low of 0.60645 as support levels. NZDUSD need to break on either side to indicate a short-term bias. A close below 0.60645 would indicate selling pressure.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

Key levels to watch out:

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