AUDUSD Analysis on H4 Chart.
Overall, NZD/USD is ranging across. Recently, NZD/USD broke above the key level of 0.68 and traded into the resistance zone of 0.68400 after the release of the strong U.S. inflation data, leading to the weakening of USD.
The New Zealand Building Consents data (Actual: 0.6%, Forecast: NA, Previous: -2.1% revised from -2.0%) released earlier today indicated an increase in the number of issued building permits in last November.
Current, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100.
Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
The New Zealand Building Consents data (Actual: 0.6%, Forecast: NA, Previous: -2.1% revised from -2.0%) released earlier today indicated an increase in the number of issued building permits in last November.
Current, NZD/USD is testing the resistance zone of 0.68400 and the next support zone is at 0.67100.
Look for buying opportunities of NZD/USD if it breaks the resistance zone of 0.68400.
Comment:
Trade closed in Partial Profits.