NZD/USD Outlook (11 November 2019)

Overall, NZD/USD has been ranging across. Recently, NZD/USD has been trending downwards.
The Reserve Bank of New Zealand (RBNZ) will be releasing their inflation expectations q/q data tomorrow at 1000 (SGT).
If their inflation expectation is close to or equal to the inflation target of 2.0%, the New Zealand dollar may strengthen. Whereas if the inflation expectation is further away from the 2.0% target, the New Zealand dollar may weaken.
Wait for the inflation expectation to be released before looking for any trade opportunities.
NZD/USD’s next support level is at 0.62600 and the next resistance level is at 0.64400.