NZDUSD on Thursday dropped -0.46% to 0.60431. Things to look out.

NZDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	-0.46%	-28.2 Pips
Week to-date	-0.86%	-52.4 Pips
July	-0.92%	-56.1 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

The U.S. Manufacturing Business Outlook Survey in July rose to 13.9 points from the previous figure of 1.3 points in June. Source: Philadelphia Fed
🇺🇸 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

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Thursday dropped -0.46% to 0.60431. Price is below 9-Day EMA while Stochastic is falling.

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 S1 0.60289 with break below could see further selling pressure towards S2 at 0.60148. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.60820 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.60413 would indicate selling pressure.

For the week to-date, take note that NZDUSD is bearish as the pair posted lower by -0.86%.

Key levels to watch out:

#NZDUSD Trending on Twitter

[custom-twitter-feeds hashtag=”#NZDUSD” num=3 showheader=false]

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.