NZD/USD Outlook (27 August 2021)

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NZD/USD Outlook (27 August 2021)

ByJin Dao Tai

 AUG 27, 2021

NZD/USD Outlook (27 August 2021)

Overall, NZD/USD is ranging across.

Day 1 of the Jackson Hole Symposium will be held today. During this time, expect volatility in NZD/USD.

Currently, NZD/USD is testing the resistance zone of 0.69500 and the next support zone is at 0.67900.

If NZD/USD bounces off the resistance zone of 0.69500, look for short-term selling opportunities up until the Federal Reserve Chairman Powell’s speech at 2200 (GMT+8).

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