NZD/USD soars on trade deficit news

After sliding against the U.S. dollar in Monday’s Asian session, the New Zealand dollar snapped back against Tuesday on the back of the trade deficit report.

In Asian trading Tuesday, NZD/USD soared 0.24% to 0.8362. The pair was likely to find support at 0.8207, the low of January 7 and resistance at 0.8369, the high of January 21.Continue Reading...

By Investing.com  |  Forex News  |  Jan 29, 2013 04:28AM GMT