NZD/USD Outlook (06 February 2020)

Overall, NZD/USD is trending downwards. Recently, NZD/USD moved lower after testing the key level of 0.65 for two straight days but failed to break above.
The New Zealand inflation expectation q/q data (Previous: 1.80%) will be released tomorrow at 0830 (SGT).
If the released data is higher than the previous expectation of 1.80%, NZD may strengthen, vice-versa.
NZD/USD’s next support level is at 0.64400 and the next resistance level is at 0.66000.
Wait for the inflation expectation data to be released before looking for trading opportunities.