2020-08-12 18:19
Market analysisNZD/USD Outlook (12 August 2020)
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Market analysis：
Overall, NZD/USD is ranging across. Recently, NZD/USD broke the support zone of 0.65800.
Earlier today, the Reserve Bank of New Zealand (RBNZ) held interest rate unchanged at 0.25%. The RBNZ increased the Large Scale Asset Purchase (LSAP) programme to $100 billion. The central bank also highlighted that negative interest rate is an option in their toolbox.
NZD/USD’s next support zone is at 0.63800 and the next resistance zone is at 0.65800.
With the dovish statement from the RBNZ, look for selling opportunities of NZD/USD.
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NZD/USD Outlook (12 August 2020)
Singapore | 2020-08-12 18:19Overall, NZD/USD is ranging across. Recently, NZD/USD broke the support zone of 0.65800.
Earlier today, the Reserve Bank of New Zealand (RBNZ) held interest rate unchanged at 0.25%. The RBNZ increased the Large Scale Asset Purchase (LSAP) programme to $100 billion. The central bank also highlighted that negative interest rate is an option in their toolbox.
NZD/USD’s next support zone is at 0.63800 and the next resistance zone is at 0.65800.
With the dovish statement from the RBNZ, look for selling opportunities of NZD/USD.
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