ByJin Dao Tai
JUL 1, 2021
Overall, NZD/USD is trending downwards. Recently, NZD/USD broke below the key level of 0.70.
The New Zealand Building Consents m/m data (Actual: -2.8%, Forecast: NA, Previous: 5.1% revised from 4.8%) released earlier today indicated a decline in the number of building permits being issued in May.
Currently, NZD/USD is testing to break above the key level of 0.70. Its next support zone is at 0.69500 and the next resistance zone is at 0.71000.
Look for short-term buying opportunities of NZD/USD if it breaks above the key level of 0.70.
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