NZD/USD Outlook (07 February 2020)
2020-02-07 11:39:48
Overall, NZD/USD is trending downwards. Recently, NZD/USD trended lower into the support level of 0.64400.
The New Zealand inflation expectation q/q data (Actual: 1.93%, Previous: 1.80%) released this morning was better than forecasted and NZD strengthened briefly as a result.
Currently, NZD/USD is testing the support level of 0.64400 and the next resistance level is at 0.66000.
Stay out of NZD/USD for now.