NZD/USD consolidating the drop into negative territory

FXStreet (Guatemala) - NZD/USD is trading at 0.8611, down -1.03% on the day, having posted a daily high at 0.8706 and low at 0.8605.

NZD/USD trade balance has been the next bit of data out for the bird but taking a back seat in respect of the recent fall from the RBNZ’s neutral statement that accompanied a further hike.

NZD/USD Levels

With spot trading at 0.8615, we can see next resistance ahead at 0.8623 (Daily 100 SMA), 0.8647 (Daily Classic S1) and 0.8657 (Yesterday's Low). Support below can be found at 0.8605 (Daily Low), 0.8601 (Daily Classic S3), 0.8545 (Weekly Classic S2) and 0.8450 (Daily 200 SMA).

NZ trade balance comes above expectations

New Zealand trade balance(MoM)(Jun) came at $247M vs $150M exp and $285M last, with the (YoY)(Jun) read standing at $1.2B vs $1.15B exp and $1.37B last. Exports (Jun) were $4.19B vs $4.28B exp and $4.60B last, while imports (Jun) saw $3.95B vs $4.10B exp and $4.32B last.
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NZD/USD consolidating the drop into negative territory

NZD/USD is trading at 0.8611, down -1.03% on the day, having posted a daily high at 0.8706 and low at 0.8605.
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