Newzealand April Trade Surplus Could Push NZDUSD Higher

Newzealand April Trade Surplus Could Push NZDUSD Higher

Newzealand's trade balance is 922M in april, up from -68M in March, this is a significant increase in surplus which could streghthen the NZD.

Technical Analysis

NZDUSD rallied last week following trade surplus announcement, The price is likely to go towards 0.382 level at 0.67901 or 0.236 level at 0.68379