NZD/USD Outlook (06 May 2021)
Overall, NZD/USD is trending upwards.
The New Zealand Building Consents m/m data (Actual: 17.9%, Forecast: NA, Previous: -19.3%) released earlier today indicated an increase in building approvals in March.
The Preliminary ANZ Business Confidence data (Actual: 7.0, Forecast: NA, Previous: -2.0 revised from -8.4) indicated a recovery in business outlook in May from the previous pessimistic level.
The New Zealand Inflation Expectations q/q data (Forecast: NA, Previous: 1.89%) will be released tomorrow at 1100 (SGT).
NZD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72850.
Look for buying opportunities of NZD/USD.
The New Zealand Building Consents m/m data (Actual: 17.9%, Forecast: NA, Previous: -19.3%) released earlier today indicated an increase in building approvals in March.
The Preliminary ANZ Business Confidence data (Actual: 7.0, Forecast: NA, Previous: -2.0 revised from -8.4) indicated a recovery in business outlook in May from the previous pessimistic level.
The New Zealand Inflation Expectations q/q data (Forecast: NA, Previous: 1.89%) will be released tomorrow at 1100 (SGT).
NZD/USD’s next support zone is at 0.71000 and the next resistance zone is at 0.72850.
Look for buying opportunities of NZD/USD.
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