NZD/USD Outlook (18 December 2019)

Overall, NZD/USD is trending upwards. Recently, NZD/USD tested and failed to break the resistance level of 0.66000.
The New Zealand GDP q/q data (Forecast: 0.5%, Previous: 0.5%) will be released tomorrow at 0545 (SGT).
If the released data is better than (or worse than) forecasted, the New Zealand dollar may strengthen (or weaken) respectively.
NZD/USD’s next support level is at 0.64400 and the next resistance level is at 0.66000.
Look for trading opportunities of NZD/USD after the release of the GDP data tomorrow.