NZD/USD Outlook (28 February 2022)

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Overall, NZD/USD is ranging across.

The New Zealand retail sales q/q data will be released tomorrow at 0545 (GMT+8).
- Core Retail Sales q/q (Actual: 6.8%, Forecast: 5.5%, Previous: -6.8% revised from -6.7%)
- Retail Sales q/q (Actual: 8.6%, Forecast: 6.2%, Previous: -8.2% revised from -8.1%)

Currently, NZD/USD is trading towards the resistance zone of 0.67100 and the next support zone is at 0.65400.
Look for short-term selling opportunities of NZD/USD if it rejects the resistance zone of 0.67100.

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