The New Zealand Westpac Consumer Sentiment data (Actual: 102.7, Forecast: NA, Previous: 107.1) released earlier today indicated a slight decline in the surveyed consumers’ level of optimism on New Zealand’s economic situation.
Currently, NZD/USD is moving down towards 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 short-term selling opportunities of NZD/USD if it breaks below the key level of 0.70.