ByJin Dao Tai
JUL 30, 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: NA, Previous: 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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