New Zealand Trade Balance (NZD/USD)
The New Zealand Trade Balance reading for November beat forecasts and the Kiwi got a boost against the USD, continuing its rally following the Fed Meeting Minutes earlier in the session. The details of the release are as follows:
Trade Balance – Survey:-299M Actual:-269M Prior:-487M
Imports – Survey:3.42B Actual:3.34B Prior:3.45B
Exports – Survey:3.18B Actual:3.07B Prior:2.97B
TB YTD – Survey:-869 Actual:-846 Prior:-1164
The NZD/USD pair is attempting to retrace the new 2010 highs, with support seen at the 50% retracement of the latest move.





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