NZD/USD Outlook (20 October 2020)
Overall, NZD/USD is ranging across.
Earlier today, it was reported that the Reserve Bank of New Zealand governor Adrian Orr said that the central bank still has plenty of firepower left in their QE program. He also commented that they central bank will prefer to handle more inflation over deflation.
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900.
Look for short-term selling opportunities of NZD/USD.
Earlier today, it was reported that the Reserve Bank of New Zealand governor Adrian Orr said that the central bank still has plenty of firepower left in their QE program. He also commented that they central bank will prefer to handle more inflation over deflation.
NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900.
Look for short-term selling opportunities of NZD/USD.