Economic data due from New Zealand today – trade balance due soon

Due at 2145GMT from New Zealand is the September trade balance data.

• Trade balance, expected is -625m, prior was -472m
• Exports, expected is 3.50bn, prior was 3.52bn
• Imports, expected is 4.20bn, prior was 4.00bn

For the NZD/USd – 0.7875 is now resistance, but selling is coming in well ahead of that level at 0.7840/50 initially. Support …. well if you must be a buyer there is support initially around 0.7800 (and there are decent buy orders around there to be done) then a band from 0.7710 through 0.7750.