NZD/USD Outlook (03 August 2021)

#OPINIONLEADER#

ByJin Dao Tai

 AUG 3, 2021

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

The New Zealand employment data will be released tomorrow at 0645 (GMT+8).

• Employment Change q/q (Forecast: 0.7%, Previous: 0.6%)
• Unemployment Rate (Forecast: 4.4%, Previous: 4.7%)

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 buying opportunities of NZD/USD if it breaks above the key level of 0.70.