Investing.com - The New Zealand Dollar was lower against the U.S. Dollar on Monday after the release of N.Z. data on Trade Balance.
NZD/USD was trading at 0.8620, down 0.25% at time of writing.
The pair was likely to find support at 0.8527, Wednesday’s low, and resistance at 0.8677, today’s high.
Earlier in the day, data showed that New Zealand’s trade balance rose less-than-expected to a seasonally adjusted 230M last month from 552M in the preceding month whose figure was revised down from 605M.
Analysts had expected the trade balance to rise 404M last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.28% to hit 1.2586 and EUR/NZD rising 0.20% to hit 1.6672.
NZD/USD was trading at 0.8620, down 0.25% at time of writing.
The pair was likely to find support at 0.8527, Wednesday’s low, and resistance at 0.8677, today’s high.
Earlier in the day, data showed that New Zealand’s trade balance rose less-than-expected to a seasonally adjusted 230M last month from 552M in the preceding month whose figure was revised down from 605M.
Analysts had expected the trade balance to rise 404M last month.
Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.28% to hit 1.2586 and EUR/NZD rising 0.20% to hit 1.6672.