NZDUSD on Wednesday rose 0.21% to 0.61931. What we know.

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.21%	13 Pips
Week to-date	-0.5%	-31 Pips
September	-1.11%	-69.6 Pips

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What happened lately

🇺🇸 U.S. Factory Orders (1-mth) in July rose to 5%, compared to the previous figure of -3.3% in June. Source: Census Bureau
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in July dropped to 7.673M compared to the revised June figure of 7.91M, down from 8.184M. Source: Bureau of Labor Statistics
🇺🇸 U.S. Job Openings and Labor Turnover Survey (JOLTS) in July dropped to 7.673M, compared to the previous figure of 7.91M revised from 8.184M in June. Source: Bureau of Labor Statistics

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What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.21% to 0.61931. Price is below 9-Day EMA while Stochastic is falling.

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

Looking ahead for the day, immediate upside resistance level is R1 at 0.62169 with break above could target R2 at 0.62406 or figure level area. While towards the downside, we are looking at daily low of 0.61684 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.62164 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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