NZDUSD on Thursday rose 0.17% to 0.60075. What we know.

NZDUSD Analysis

Performance after Thursday
Period	Pct	Chg	Momentum
Thursday	0.17%	10.1 Pips
Week to-date	1.02%	60.5 Pips
August	0.94%	55.7 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 In the week ending 03 August, U.S. Initial Unemployment Insurance Claims dropped to 233K compared to previous figure 250K (revised from 249K) Source: Department of Labor
🇳🇿 New Zealand’s RBNZ Inflation Expectations (3-mth) in Q3 dropped to 2.03% from 2.33% in Q2. Source: RBNZ
🇳🇿 New Zealand’s Employment Change in Q2 rose to 0.4%, up from the previous figure of -0.2% in Q1. Source: Stats NZ
🇳🇿 New Zealand’s unemployment rate in Q2 rose to 4.6%, compared to the previous figure of 4.3% in Q1. Source: Stats NZ
New Zealand’s unemployment rate in Q2 rose to 4.6%, up from 4.3% in Q1. Source: Stats NZ
In Q2, the New Zealand Labour Force Participation Rate increased to 71.7% from 71.5% in Q1. Source: Stats NZ
🇳🇿 New Zealand’s Labour Cost Index (LCI) for Q2 increased to 0.9%, rising from the previous figure of 0.8% in Q1. Source: Stats NZ

Latest from X (Twitter)

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What can we expect from NZDUSD today?

NZDUSD on Thursday rose 0.17% to 0.60075. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Thursday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.60228 with break above could target R2 at 0.6038 or figure level area. While towards the downside, we are looking at daily low of 0.59767 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60150 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is bullish as the pair continued to trade higher and is up by 1.02% over the past few days.

Key levels to watch out:

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