Singapore
2020-08-20 16:43
Market analysisNZD/USD Outlook (20 August 2020)
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Market analysis:
Overall, NZD/USD is ranging across. Recently, NZD/USD trended into the support zone of 0.65500 after the release of the dovish FOMC meeting minutes, causing a strong sell-off in the stock and bond markets, thus pushing the USD higher.
Currently, NZD/USD is testing the support zone of 0.65500 and the next resistance zone is at 0.67000.
Look for selling opportunities of NZD/USD if it breaks the support zone of 0.65500.
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NZD/USD Outlook (20 August 2020)
Overall, NZD/USD is ranging across. Recently, NZD/USD trended into the support zone of 0.65500 after the release of the dovish FOMC meeting minutes, causing a strong sell-off in the stock and bond markets, thus pushing the USD higher.
Currently, NZD/USD is testing the support zone of 0.65500 and the next resistance zone is at 0.67000.
Look for selling opportunities of NZD/USD if it breaks the support zone of 0.65500.
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