NZD/USD Outlook (30 July 2021)

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NZD/USD Outlook (30 July 2021)

ByJin Dao Tai

 JUL 30, 2021

NZD/USD Outlook (30 July 2021)

Overall, NZD/USD is ranging across. Recently, NZD/USD bounced off the support zone of 0.69500.

The New Zealand Building Consents m/m data (Actual: 3.8%Forecast: NAPrevious: 4.3% revised from -2.8%) released earlier today indicated an increase in the number of building permits issued in June.

Currently, NZD/USD is testing to break above the key level of 0.70. Its next support zone is at 0.69500 and the next resistance zone is at 0.71000.

Look for short-term selling opportunities of NZD/USD if it fails to break above the key level of 0.70.

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