By IFCMarkets
NZDUSD bias bullish despite declining trade surplus
New Zealand’s trade surplus declined in May: the trade surplus declined to NZ$1.25 billion from 1.34 billion in April, when a decline to 1.28 billion was expected. This is bearish for NZDUSD but the pair is biased upward.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 0.6449 |
| Stop loss | Below 0.6418 |
Market Analysis provided by IFCMarkets