New Zealand’s statistics agency revealed the country’s external trade data for Nov 2011. The report says that the import reached 4.2B NZD while export was equal to 3.9B NZD.
During the period of Dec 2010 – Nov 2011 the external trade surplus reached 555M NZD, which was better than expected. November’s external trade deficit was 8M higher than the forecast, thus reaching 308M NZD.
In the meantime, according to the Department of Masterforex-V Trading System , NZDUSD is in the process of forming wave (C ) inside the upswing – wave А(С)/С of wave level Daily3. A further rally will encounter resistance around 0.7981/95, 0.8069, 0.8104/05. The bullish wave will be over as soon as the price breaks below the bottom of the MF sloping channel and the MF pivot 0.7776:
