NZD/USD Outlook (17 March 2022)
Overall, NZD/USD is trending upwards. Recently, NZD/USD bounced trended into the resistance zone of 0.68400.
The New Zealand GDP q/q data (Actual: 3.0%, Forecast: 3.3%, Previous: -3.6% revised from -3.7%) released earlier today indicated a rebound in economic growth in the fourth quarter of 2021.
Currently, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of0.68400.
The New Zealand GDP q/q data (Actual: 3.0%, Forecast: 3.3%, Previous: -3.6% revised from -3.7%) released earlier today indicated a rebound in economic growth in the fourth quarter of 2021.
Currently, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100.
Look for short-term buying opportunities of NZD/USD if it breaks the resistance zone of0.68400.
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