NZDUSD Breakdown (5 May 2020)

Title : NZDUSD Breakdown (May 5, 2020)

Broker : Tickmill

Description : NZDUSD Daily Outlook – On Monday we found out that factory activity was slammed across the world in April, factory orders in the U.S. sank 10.3% in March, Australia’s job advertisements suffered their largest ever fall in April, and that the British consumer sentiment has dropped to its lowest since January 2012 all thanks to Coronavirus lockdowns. However, yesterday oil was up 3% on Monday as more countries announced they would begin easing coronavirus lockdowns. At the same time, Japan’s Abe extended state of emergency to May 31.

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