NZDUSD on Monday rose 0.87% to 0.61136. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.87%	53 Pips
Week to-date	0.84%	51.2 Pips
August	2.72%	161.8 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD FOMC Meeting Minutes

What happened lately

🇳🇿 In July, New Zealand’s 12-month trade balance in NZD improved to -9.29$ from the revised June figure of -9.4$, previously reported as -9.5$. Source: Stats NZ
In July, New Zealand exports dropped to $6.15 billion compared to $6.17 billion in June. Source: Stats NZ
🇳🇿 New Zealand imports in July rose to $7.11 billion compared to a revised figure of $5.45 billion in June. Source: Stats NZ

Latest from X (Twitter)

Tweets by Stats NZ

What can we expect from NZDUSD today?

NZDUSD on Monday rose 0.87% to 0.61136. 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 0.61355 with break above could target R2 at 0.61574 or figure level area. While towards the downside, we are looking at daily low of 0.60539 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.61166 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 0.84% over the past few days.

Key levels to watch out:

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