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NZD/USD finds temporary support at 0.7810; focus on NZ trade balance

FXStreet (San Francisco) - The NZD/USD found some buying interest at 0.7810 after falling 60 pips in the American session from 0.7870.

The kiwi is extending in this matter its decline from 1-month lows at 0.8035 that was traded on October 21. Currently, NZD/USD is trading at 0.7816, down -1.42% on the day, having posted a daily high at 0.7932 and low at 0.7815.

NZD/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.

The Kiwi is focused now on New Zealand's September trade balance that is scheduled on Thursday's night at 21:45 GMT; Friday's morning 10:45 am in Auckland. Market expects a $-700M deficit in September with neary steady exports by $3.50B while an increase in imports to $4.20B.

NZD/USD levels

With a successful 0.7810 break, the NZD/USD will face next supports at 0.7800 and 0.7790. To the upside, resistances are at 0.7825, 0.7870 and 0.7910.

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