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Positive data from New Zealand, NZD/USD took a drop though

NZDUSD1 New Zealand dollar decreased its value against the US dollar during Thursday session, despite the positivity around manufacturing sector in New Zealand.

NZD/USD pair fell to 0.8208, lowest value during Asian session, followed by certain increase to 0.8217. Support levels were expected at 0.8175, lowest value from Wednesday trade, while the pair was likely to find resistance at 0.8302, highest value from Tuesday.

It was reported earlier, that the Business NZ Manufacturing Index for New Zealand increased its value to 54.5 during April, compared to 53.4 during the preceding month. Additional information was released, regarding the New Zealand budget surplus projections in 2015, as the amount of 75 million new zealand dollars appeared. It exceeded the previous estimates of 66 million new zealand dollars. It turned out that Christchurch city managed to contribute to economic growth and the Revenues from taxes. is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

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