NZD/USD Outlook (22 June 2021)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Overall, NZD/USD is trending downwards. Recently, NZD/USD bounced down from the key level of 0.70.

The New Zealand Westpac Consumer Sentiment data (Actual: 107.1, Forecast: NA, Previous: 105.2) released yesterday indicated an increase in the level of optimism from the surveyed consumers on the relative level of the Australian economy.

Currently, NZD/USD is moving towards the support zone of 0.69500 and the next resistance zone is at 0.71000.
Look for short-term buying opportunities of NZD/USD if it breaks above the key level of 0.70.
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