NZD/USD Outlook (04 August 2020)

Overall, NZD/USD is trending upwards. Recently, NZD/USD bounced off the support zone of 0.65800.

The New Zealand employment data will be released tomorrow morning at 0645 (SGT).

• Employment Change q/q (Forecast: -2.0%, Previous: 0.7%)
  
• Unemployment Rate (Forecast: 5.5%, Previous: 4.2%)
  

Currently, NZD/USD is testing to break below the key level of 0.66. The next support zone is at 0.65800 and the next resistance zone is at 0.67200.
Look for short-term selling opportunities of NZD/USD up until the release of the New Zealand employment data tomorrow at 0645 (SGT).