NZD/USD Outlook (23 January 2020)

Overall, NZD/USD is moving across. Recently, NZD/USD has been moving around the support level of 0.66000.
The New Zealand CPI q/q data (Forecast: 0.4%, Previous: 0.7%) will be released tomorrow at 0545 (SGT).
Currently, NZD/USD is testing the support level of 0.66000 and the next resistance level is at 0.67400.
If the released CPI data is worse than or as forecasted, look for selling opportunities of NZD/USD if it breaks the support level of 0.66000.

Analysis of NZD/USD will resume on 28 January 2019. Happy Lunar New Year!