NZD/USD Outlook (21 May 2021)
ByJin Dao Tai
MAY 21, 2021
Overall, NZD/USD is ranging across. Recently, NZD/USD trended up and failed to break above the key level of 0.72.
The New Zealand retail sales q/q data will be released next Monday at 0645 (SGT).
- Retail Sales q/q (Forecast: TBA, Previous: -2.7%)
- Core Retail Sales q/q (Forecast: TBA, Previous: -3.1%)
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 selling opportunities of NZD/USD if it fails to break above the key level of 0.72.
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