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NZDUSD Trade Balance Is Expected To Be Negative

News Date: 23/9/2014 14:16:09
 

The difference between Imported and exported value of good, impact the currency of a country because foreigners buy domestic currency to pay for exports. And a Negative number for trade balance will show decrease in demand on NZD and NZDUSD might fall giving strength to the Dollar.

The market is expecting a increase in difference from -692M to -1125M, in case the release came in red we are expecting weakness for NZD and on the other hand in case the release came in green than NZDUSD might benefit from that and build a bullish wave.

NZDUSD went down in the last 3 months from 0.88 reaching the support of 0.80 and today NZDUSD price reaction depend on the trade balance release.

Provided by Fxhighway 

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