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NZD/USD Outlook (30 November 2020)

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#NZD/USD# NZD/USD Outlook (30 November 2020)

Overall, NZD/USD is trending upwards. Recently, NZD/USD broke the resistance zone of 0.70000.

The New Zealand ANZ Business Confidence data (Actual: -6.9, Forecast: NA, Previous: -15.6) released earlier today indicated an improvement in the economic outlook for November from the preliminary readings released earlier this month.

OPEC meetings will be held today.

Currently, NZD/USD is testing the resistance zone of 0.70000 and the next support zone is at 0.67900.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of 0.70000.

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