NZD/USD Outlook (04 August 2020)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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).


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