NZD/USD Outlook (15 September 2020)
Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.67.
The New Zealand Westpac Consumer Sentiment data (Actual: 95.1, Forecast: NA, Previous: 97.2) released earlier today indicated a decline in consumers’ confidence levels in September mainly due to the resurgence of COVID-19.
Currently, NZD/USD is testing to break below the key level of 0.67. Its next support zone is at 0.65200 and the next resistance zone is at 0.67600.
Look for selling opportunities of NZD/USD if it breaks below the key level of 0.67.
The New Zealand Westpac Consumer Sentiment data (Actual: 95.1, Forecast: NA, Previous: 97.2) released earlier today indicated a decline in consumers’ confidence levels in September mainly due to the resurgence of COVID-19.
Currently, NZD/USD is testing to break below the key level of 0.67. Its next support zone is at 0.65200 and the next resistance zone is at 0.67600.
Look for selling opportunities of NZD/USD if it breaks below the key level of 0.67.