NZD/USD Outlook (6 November 2019)

Overall, NZD/USD has been trending upwards. Recently, NZD/USD broke the support level of 0.64300 and the key level of 0.64.
The New Zealand employment data released was overall worse than forecasted and the New Zealand dollar weakened slightly.

Employment Change q/q (Actual: 0.2%, Forecast: 0.2%, Previous: 0.8%)
Unemployment Rate (Actual: 4.2%, Forecast: 4.1%, Previous: 3.9%)
The breaking of key levels and poor employment data presents selling opportunities of NZD/USD.
NZD/USD’s next support level is at 0.62200 and the next resistance level is at 0.64300.