Singapore
2020-04-14 15:55
Market analysisNZD/USD Outlook (14 April 2020)
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Market analysis:
Overall, NZD/USD is ranging across. Recently, NZD/USD moved higher, breaking above the key level of 0.61.
Earlier today, New Zealand’s treasury department released its forecast, saying that the country’s unemployment rate could reach 25% if the Covid-19 lockdown measures are further extended beyond the initial end date of April 20. Whereas if lockdown is eased this month, unemployment rate would be around 13%.
NZD/USD’s next support level is at 0.60300 and the next resistance level is at 0.62200.
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NZD/USD Outlook (14 April 2020)
Singapore | 2020-04-14 15:55
Overall, NZD/USD is ranging across. Recently, NZD/USD moved higher, breaking above the key level of 0.61.
Earlier today, New Zealand’s treasury department released its forecast, saying that the country’s unemployment rate could reach 25% if the Covid-19 lockdown measures are further extended beyond the initial end date of April 20. Whereas if lockdown is eased this month, unemployment rate would be around 13%.
NZD/USD’s next support level is at 0.60300 and the next resistance level is at 0.62200.
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