Nzdusd rises 0.24% as New Zealand trade balance improves

NZDUSD Analysis

Performance after Wednesday
Period	Pct	Chg	Momentum
Wednesday	0.24%	14.3 Pips
Week to-date	0.87%	51 Pips
May	-0.03%	-1.6 Pips

Upcoming key events (London Time)

Thu 03:00 AM NZD Budget Release
Thu 11:45 PM NZD Retail Trade Turnover (3-mth)

What happened lately

New Zealand’s economic performance in April 2025 presents a positive outlook for its trade balance. The country’s exports rose to $7.84 billion, marking an increase from March’s revised figure of $7.41 billion. This growth indicates robust demand for New Zealand products abroad and can be attributed to various sectors experiencing favorable market conditions. Simultaneously, there was a notable decrease in imports, which fell to $6.42 billion in April from a revised $6.61 billion in March. The combination of rising exports and falling imports significantly improved New Zealand’s 12-month trade balance, which stood at -$4.81 billion, a notable improvement from the -$6.13 billion recorded in March.

The improvement in New Zealand’s trade figures could have a positive impact on the NZDUSD currency pair. With the country’s export-driven growth and narrowing trade deficit, investor confidence in the New Zealand dollar may increase. As a result, the NZD holds potential for appreciation against the USD. The market’s response, reflected in the 0.24% rise of NZDUSD to 0.59343, suggests that traders are optimistic about the economic developments in New Zealand. Additionally, upcoming high-impact events such as the NZD Budget Release and Retail Trade Turnover data could further influence the currency pair. Strong positive data from these events could provide additional upward momentum for the NZD against the USD.

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What can we expect from NZDUSD today?

NZDUSD on Wednesday rose 0.24% to 0.59343. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for NZDUSD looks bullish as the pair ended higher after Wednesday trading session.

Looking ahead for the day, immediate upside resistance level is R1 at 0.5962 with break above could target R2 at 0.59898 or figure level area. While towards the downside, we are looking at daily low of 0.59185 as an important support. Break below this level could weaken the current bullish momentum. A break above 0.59680 may suggest continuation after recent positive movement.

For the week to-date, take note that NZDUSD is mixed as compared to the prior week.

Key levels to watch out:

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