2020-08-28 16:56
Market analysisNZD/USD Outlook (28 August 2020)
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Market analysis：
Overall, NZD/USD is trending downwards. Recently, NZD/USD broke the resistance zone of 0.65500.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
The New Zealand ANZ Business Confidence data (Forecast: NA, Previous: -42.2) will be released next Monday at 0900 (SGT).
NZD/USD’s support zone is at 0.65500 and the next resistance zone is at 0.67000.
With the risk-on rally sparked by the FOMC’s adoption of Average Inflation Targeting and the optimistic view of the U.S. economy, look for short-term buying opportunities of NZD/USD.
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NZD/USD Outlook (28 August 2020)
Singapore | 2020-08-28 16:56Overall, NZD/USD is trending downwards. Recently, NZD/USD broke the resistance zone of 0.65500.
Today is the second day of the Jackson Hole Symposium. During this time, volatility is expected.
The New Zealand ANZ Business Confidence data (Forecast: NA, Previous: -42.2) will be released next Monday at 0900 (SGT).
NZD/USD’s support zone is at 0.65500 and the next resistance zone is at 0.67000.
With the risk-on rally sparked by the FOMC’s adoption of Average Inflation Targeting and the optimistic view of the U.S. economy, look for short-term buying opportunities of NZD/USD.
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