NZD/USD Outlook (27 February 2020)

Overall, NZD/USD is trending downwards. Recently, NZD/USD moved lower into the key level of 0.63.
The ANZ business confidence data (Actual: -19.4, Previous: -13.2) released earlier today was worse than forecasted.
Currently, NZD/USD is testing to break above the key level of 0.63. Its next support level is at 0.62600 and the next resistance level is at 0.64000.
If NZD/USD fails to break above the key level of 0.63, look for selling opportunities of NZD/USD.