NZD/USD Outlook (04 March 2020)
2020-03-04 11:19:57
Overall, NZD/USD is trending downwards. Recently, NZD/USD moved higher, tested but failed to break above the key level of 0.63 after the U.S. Federal Open Market Committee announced an emergency interest rate cut of 0.50%, causing a weakness in USD.
NZD/USD’s next support level is at 0.62200 and the next resistance level is at 0.64000.
Stay out of NZD/USD for now.