Forex - NZD/USD up during the U.S. session

Forex Pros – The New Zealand Dollar was higher against the U.S. Dollar on Thursday after the release of U.S. data on Trade Balance.

NZD/USD was trading at 0.8272, up 1.50% at time of writing.

The pair was likely to find support at 0.8120, Monday’s low, and resistance at 0.8301, today’s high.

Earlier in the day, official data showed that The U.S. trade balance fell less-than-expected to a seasonally adjusted -43.7B last month from -46.8B in the preceding month whose figure was revised up from -48.2B.

Analysts had expected U.S. trade balance to fall -48.8B last month.

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 1.37% to hit 1.2852 and EUR/NZD falling 1.99% to hit 1.7538.

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