Note

NZD/USD Outlook (04 May 2021)

· Views 187

#OPINIONLEADER#


NZD/USD Outlook (04 May 2021)

Overall, NZD/USD is trending upwards.

The Reserve Bank of New Zealand (RBNZ) will be releasing the financial stability report tomorrow at 0500 (SGT).

RBNZ Governor Orr will be holding a press conference on the report following its release at 0700 (SGT).

Also, Governor Orr will be testifying on the report before the Parliament’s Finance and Expenditure Committee at 0910 (SGT).

During the press conference and the testification, volatility in the New Zealand dollar is expected.

The New Zealand employment data will be released tomorrow at 0645 (SGT).

Currently, NZD/USD is testing to break above the key level of 0.72. Its next support zone is at 0.71000 and the next resistance zone is at 0.72850.

Look for buying opportunities of NZD/USD.

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com

If you like, reward to support.
avatar

Hot

Nice
FxScotty
Author
Thanks happy to help :)

-THE END-