NZD/USD Key event – Trade Balance of New Zealand (May 25th, 01:45 GMT +3)

After the publication of Retail Sales and PPI reports of New Zealand which were less than expectations, traders will be waiting for the Trade Balance of New Zealand data.

Retail Sales data of New Zealand for the first quarter of 2016:

PPI of New Zealand for the first quarter of 2016:

Predicted Trade Balance of New Zealand for April 2016:

There is still quite complicated economic situation in Pacific region and experts believe that economic data might get worse for both New Zealand and Australia.

If actual results are worse than expected – it will have a negative impact on the value of NZD.

NZDUSD chart:

There is a trend change on NZDUSD D1 chart – the lower line of an upward trend was broken (highlighted with white color) and if the actual results are worse than expected the downward trend might strengthen.

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