2020-09-30 17:17
Market analysisNZD/USD Outlook (30 September 2020)
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Market analysis：
Overall, NZD/USD is ranging across. Recently, NZD/USD moved higher into the key level of 0.66.
The New Zealand Building Consents m/m data (Actual: 0.3%, Forecast: NA, Previous: -4.6% revised from -4.5%) released earlier today indicated an increase in the number of new building approvals issued in August.
Also, the ANZ Business Confidence data (Actual: -28.5, Forecast: NA, Previous: -26.0) released indicated a slight increase in the level of pessimism from the surveyed businesses on New Zealand’s economic outlook.
Currently, NZD/USD is testing to break the key level of 0.66. Its next support zone of 0.65200 and the next resistance zone is at 0.67600.
Look for short-term buying opportunities of NZD/USD if it breaks above the key level of 0.66.
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NZD/USD Outlook (30 September 2020)
Singapore | 2020-09-30 17:17Overall, NZD/USD is ranging across. Recently, NZD/USD moved higher into the key level of 0.66.
The New Zealand Building Consents m/m data (Actual: 0.3%, Forecast: NA, Previous: -4.6% revised from -4.5%) released earlier today indicated an increase in the number of new building approvals issued in August.
Also, the ANZ Business Confidence data (Actual: -28.5, Forecast: NA, Previous: -26.0) released indicated a slight increase in the level of pessimism from the surveyed businesses on New Zealand’s economic outlook.
Currently, NZD/USD is testing to break the key level of 0.66. Its next support zone of 0.65200 and the next resistance zone is at 0.67600.
Look for short-term buying opportunities of NZD/USD if it breaks above the key level of 0.66.
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