NZD/USD Outlook (4 November 2019)

Overall, NZD/USD has been trending upwards. Recently, NZD/USD trended higher, breaking the resistance level of 0.64300.

Earlier today, New Zealand Prime Minister Jacinda Ardern announced that New Zealand and China have struck a deal on an upgrade to their Free Trade Agreement. This upgrade allows faster access of the New Zealand goods to Chinese markets and also reduced tariffs on various paper and wood products.

NZD/USD next support level is at 0.64300 and its next resistance level is at 0.65700.