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27 Jun 2013
EUR/NZD jumps on downtrodden NZ data
FXstreet.com (New York) - The EUR/NZD foreign exchange rate recently moved higher during overnight trading on the heels of a weak series of economic indicators out of New Zealand.
Presently, the EUR/NZD is operating positively at 1.6745 Thursday, having notched an advance of +0.26% in these moments. According to the technical analyst team at Mataf.net, the technical pair will encounter resistance at 1.6990, onto 1.7077, and eventually 1.7148. Alternatively, a break below 1.6832 will trigger supports at 1.6761 and 1.6674.
EUR/NZD moves on lackluster NZ data
In New Zealand, the Trade Balance (MoM) came in at $71M in May, vastly underperforming expectations of $400M, and compared with a figure of $157M previously. Meanwhile, Imports and Exports (May) came in at $4.01B (against a projection of $4.05B), and $4.08B (vs. estimates of $4.45B) respectively.
Presently, the EUR/NZD is operating positively at 1.6745 Thursday, having notched an advance of +0.26% in these moments. According to the technical analyst team at Mataf.net, the technical pair will encounter resistance at 1.6990, onto 1.7077, and eventually 1.7148. Alternatively, a break below 1.6832 will trigger supports at 1.6761 and 1.6674.
EUR/NZD moves on lackluster NZ data
In New Zealand, the Trade Balance (MoM) came in at $71M in May, vastly underperforming expectations of $400M, and compared with a figure of $157M previously. Meanwhile, Imports and Exports (May) came in at $4.01B (against a projection of $4.05B), and $4.08B (vs. estimates of $4.45B) respectively.