NZD/USD Outlook (11 February 2022)

119
Overall, NZD/USD is trending downwards. Recently, NZD/USD bounced off the resistance zone of 0.67100 after the release of the strong U.S. inflation data.

The New Zealand Inflation Expectations q/q data (Forecast: NA, Previous: 2.96%) will be released later at 1000 (GMT+8).

NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67100.
Look for short-term selling opportunities of NZD/USD.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.