NZD/USD Outlook (28 January 2020)
2020-01-28 11:43:03
Overall, NZD/USD is trending downwards. Recently, NZD/USD broke the support level of 0.66000.
The New Zealand CPI q/q data (Actual: 0.5%, Forecast: 0.4%, Previous: 0.7%) released last Friday was better than forecasted. NZD/USD strengthened briefly as a result.
NZD/USD’s next support level is at 0.64400 and the next resistance level is at 0.66000.
Stay out of NZD/USD for now.