The New Zealand Real Estate Institute on Tuesday released a public report on the number of home sales in September, up 37.1 percent, the highest period in the last 3 years.

Tourism in New Zealand is also an important part of economic growth, with more than 7% of the population employing in this sector. According to data, in October 2020, the number of short-term tourists in the country increased by 105 percent, including 400 Chinese, 800 Americans, 1,000 British and 3,300 Australians people.

As for New Zealand’s exports, we cannot skip the production of milk, as it is the leading export product in the country. Dairy products are divided into nine different categories. After adding together with the prices of these nine types of milk, we get an indicator called The Global Dairy Trade Price Index which is up 2.2 percent, a positive sign for the New Zealand dollar.

Currently, the world situation is in turmoil due to the COVID19, which has caused the central banks of many power countries around the world lower interest rates to almost 0% or below (negative), while New Zealand decided to keep interest rates unchanged at 0.25%, indicating economic stability.

Pivot Point: 0.66500

R1: 0.66700                S1: 0.66200

R2: 0.66900                S2: 0.6600

R3: 0.67100                S3: 0.65800

Today forecast, investor should make a long position in product NZDUSDx at current price of 0.66100 by setting take profit at 0.66900 and stop loss at 0.65350.

Analyzed by: Mr. Long Samnang,Independent Analyst