2020-08-21 16:53
Market analysisNZD/USD Outlook (21 August 2020)
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Market analysis：
Overall, NZD/USD is trending downwards. Recently, NZD/USD broke the support zone of 0.65500.
The New Zealand retail sales q/q data will be released next Monday at 0645 (SGT).
-Retail Sales q/q (Forecast: TBA, Previous: -0.7%)
-Core Retail Sales q/q (Forecast: TBA, Previous: 0.6%)
Currently, NZD/USD is testing the resistance zone of 0.65500 and the next support zone is at 0.63800.
Look for selling opportunities of NZD/USD if it bounces off the resistance zone of 0.65500.
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NZD/USD Outlook (21 August 2020)
Singapore | 2020-08-21 16:53Overall, NZD/USD is trending downwards. Recently, NZD/USD broke the support zone of 0.65500.
The New Zealand retail sales q/q data will be released next Monday at 0645 (SGT).
-Retail Sales q/q (Forecast: TBA, Previous: -0.7%)
-Core Retail Sales q/q (Forecast: TBA, Previous: 0.6%)
Currently, NZD/USD is testing the resistance zone of 0.65500 and the next support zone is at 0.63800.
Look for selling opportunities of NZD/USD if it bounces off the resistance zone of 0.65500.
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