NZD/USD Outlook (07 May 2021)
ByJin Dao Tai
MAY 7, 2021
Overall, NZD/USD is trending upwards. Recently, NZD/USD bounced up from the key level of 0.72.
The New Zealand Inflation Expectations q/q data (Forecast: NA, Previous: 1.89%) will be released later at 1100 (SGT).
NZD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72850.
Look for short-term buying opportunities of NZD/USD up until the release of the U.S. Nonfarm Payrolls employment report later at 2030 (SGT).
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