NZD/USD Outlook (19 December 2019)

2019-12-19 11:43:06

Overall, NZD/USD is trending upwards. Recently, NZD/USD trended higher after the release of the better than forecasted New Zealand GDP q/q data (Actual: 0.7%, Forecast: 0.5%, Previous: 0.1% revised from 0.5%).
Currently, NZD/USD is testing the resistance level of 0.66000 and the next support level is at 0.64400.
Look for buying opportunities of NZD/USD if it breaks the resistance level of 0.66000.