NZDUSD on Monday dropped -0.36% to 0.62068. What we know.

NZDUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	-0.36%	-22.6 Pips
Week to-date	-0.43%	-26.5 Pips
August	4.28%	255 Pips

Upcoming key events (London Time)

No major events for the day.

What happened lately

🇺🇸 U.S. Durable Goods Orders excluding Transportation in July dropped to -0.2% from the revised June figure of 0.4%, which was initially reported as 0.5%. Source: Census Bureau
U.S. Durable Goods Orders excluding Defense in July increased to 10.4%, compared to the revised figure of -7.2% (previously -7%) in June. Source: Census Bureau
🇺🇸 U.S. Nondefense Capital Goods Orders excluding Aircraft in July dropped to -0.1% from a revised 0.9% in June. Source: Census Bureau
🇺🇸 U.S. Durable Goods – New Orders in July rose to 9.9%, compared to the previous figure of -6.7%, revised from -6.6% in June. Source: Census Bureau

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What can we expect from NZDUSD today?

NZDUSD on Monday dropped -0.36% to 0.62068. Price is above 9-Day EMA while Stochastic is falling.

Updated daily direction for NZDUSD looks bearish as the pair posted lower in Monday trading session.

Looking ahead for the day, immediate support level is at S1 0.61915 with break below could see further selling pressure towards S2 at 0.61761. To the upside, with the current momentum bearish, we prefer to look at breakout of the recent daily high of 0.62324 as a potential indicator of buying interest. Failure to break the resistance level would continue to echo bearish sentiment. A close below 0.61966 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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