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NZD/USD Outlook (04 May 2021)

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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.

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