Overall, NZD/USD is ranging across. Recently, NZD/USD trended higher after a strong rally in the stock market led to the decline in demand of USD.
The New Zealand employment data released earlier today indicated a deterioration in the jobs market in the third quarter due to the negative impact of COVID-19.
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900.
As the U.S. Presidential Election is still in progress, look for short-term selling opportunities of NZD/USD.
The New Zealand employment data released earlier today indicated a deterioration in the jobs market in the third quarter due to the negative impact of COVID-19.
- Employment Change q/q (Actual: -0.8%, Forecast: -0.7%, Previous: -0.4%)
- Unemployment Rate (Actual: 5.3%, Forecast: 5.3%, Previous: 4.0%)
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900.
As the U.S. Presidential Election is still in progress, look for short-term selling opportunities of NZD/USD.