JinDao_Tai

NZD/USD Outlook (06 August 2020)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Overall, NZD/USD is ranging across.

The New Zealand Inflation Expectation q/q data (Actual: 1.43%, Forecast: NA, Previous: 1.24%) released earlier today indicated an upward revision of inflation expectation by the Reserve Bank of New Zealand.

NZD/USD’s next support zone is at 0.65800 and the next resistance zone is at 0.67000.
Look for buying opportunities of NZD/USD.

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