NZDUSD on Tuesday rose 0.66% to 0.62445. What we know.

NZDUSD Analysis

Performance after Tuesday
Period	Pct	Chg	Momentum
Tuesday	0.66%	41 Pips
Week to-date	0.33%	20.4 Pips
August	4.92%	292.7 Pips

Upcoming key events (London Time)

Thu 01:30 PM USD GDP annual rate

What happened lately

🇺🇸 U.S. House Price Index (1-mth) in June dropped to -0.1% from 0% in May. Source: FHFA
🇺🇸 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 Tuesday rose 0.66% to 0.62445. Price is above 9-Day EMA while Stochastic is rising.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.62683 with break above could target R2 at 0.62922 or figure level area. While towards the downside, we are looking at daily low of 0.61940 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62550 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 0.33% over the past few days.

Key levels to watch out:

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