ByJin Dao Tai
JUN 9, 2021
Overall, NZD/USD is ranging across.
The New Zealand Preliminary ANZ Business Confidence data (Actual: -0.4, Forecast: NA, Previous: 1.8 revised from 7.0) released earlier today indicated that the surveyed businesses’ view on the 12-month economic outlook of New Zealand has turned pessimistic.
Currently, NZD/USD is testing to break below 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 short-term selling opportunities of NZD/USD if it breaks below the key level of 0.72.
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