NZDUSD on Monday rose 0.18% to 0.60228. Winners and losers.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.18%	11 Pips
Week to-date	0.19%	11.7 Pips
August	1.19%	71 Pips

Upcoming key events (London Time)

Tue 01:30 PM USD PPI excluding Food and Energy sectors (12-mth)
Wed 03:00 AM NZD RBNZ Interest Rate Decision (Official Cash Rate)
Wed 01:30 PM USD CPI Inflation Rate (1-mth)
Wed 01:30 PM USD CPI Inflation Rate (12-mth)

What happened lately

🇺🇸 The U.S. Monthly Budget Statement in July dropped to -$244 billion compared to -$66 billion in June. Source: Bureau of the Fiscal Service

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.18% to 0.60228. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.60397 with break above could target R2 at 0.60566 or figure level area. While towards the downside, we are looking at daily low of 0.59913 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.60324 may suggest continuation after recent positive movement.

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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