NZD/USD Outlook (16 August 2021)
ByJin Dao Tai
AUG 16, 2021
Overall, NZD/USD is ranging across. Recently, NZD/USD bounced up from the key level of 0.70 due to the weakening of USD after the release of the poor Preliminary UoM Consumer Sentiment data.
NZD/USD’s 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.
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