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.