NZD/USD Outlook (20 December 2021)

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Overall, NZD/USD is trending downwards. Recently, NZD/USD rejected the resistance zone of 0.67900.

The New Zealand Westpac Consumer Sentiment data (Actual: 99.1, Forecast: NA, Previous: 102.7) released earlier today indicated that the surveyed consumers are turning pessimistic on the economic conditions of the country.

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.

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