Overall, NZD/USD is trending downwards.
The New Zealand Preliminary ANZ Business Confidence data (Actual: -8.4, Forecast: NA, Previous: -4.1 revised from 0.0) released earlier today indicated further pessimism in the 12-month economic outlook from survey respondents.
Currently, NZD/USD is testing to break below the key level of 0.70. Its next support zone is at 0.69500 and the next resistance zone is at 0.71000.
Look for selling opportunities of NZD/USD if it breaks below the key level of 0.70.
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