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NZD/USD Outlook (03 November 2020)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Overall, NZD/USD is ranging across. Recently, NZD/USD bounced up from the key level of 0.66.

The New Zealand employment data will be released tomorrow at 0545 (SGT).
  • Employment Change q/q (Forecast: -0.7%, Previous: -0.4%)
  • Unemployment Rate (Forecast: 5.3%, Previous: 4.0%)
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900.
With the upcoming U.S. Presidential Election today that brings volatility, look for short-term selling opportunities of NZD/USD.

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