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NZD/USD can’t hold on to 0.82

FXstreet.com (Chicago) – NZD/USD struggled to retain the 0.82 and attempts to retake it after fall below a previous support, now immediate resistance ahead of Tokyo’s start.

Data releases

The most recent data published in New Zealand was the country’s trade balance at $-168M vs. expected $-350M, beating expectations (MoM) and a yearly result at $-1B vs. estimates at $-1.14B.

NZD/USD Technical Levels

Price action reveals the pair falls below the previously broken resistance and remains very close to it ahead of Tokyo’s opening. The pair stalls around the 50% Fibonacci level (0.8120/0.8270) after managing to stop the bearish channel that originated at …read more