The Aussie’s recent bullish play against the NZD is beginning to run into resistance. Thursday’s Trade Balance for the NZD could swing market favor back into the Kiwi’s court. The AUD/NZD is caught near the 1.0750 level after last week’s recovery from lows near 1.0650 failed to continue beyond a familiar level at 1.0775. The Aussie has been declining against the Kiwi since late May, falling from a peak of 1.0961 as the AUD suffers from being considered one of the weakest G10 currencies, losing ground against its closest counterpart the NZD for almost a month straight before pumping the brakes at last week’s bottom. Last week’s gain for the AUD could prove to be limited if the Kiwi manages to swing back into the bullish zone, and late Tuesday will be bringing such a chance for the NZD, with New Zealand Trade Balance figures posting late in the day, at 22:45 GMT. The headline m/m trade balance is expected to come in at a relatively sedate 100 million versus the previous reading of 263 million, while the y/y/ figure is expected to remain relatively unchanged, with the forecast sitting at -3.74 billion compared to the previous period’s -3.76 billion. AUD/NZD levels to watch Daily candles have the pair trying to rough in a higher low from 1.0650, but bullish action will remain capped for now by the last high at 1.0960. A bearish continuation will see the pair falling into April’s lows just below 1.0500, while a successful bullish reversal will have to mount January’s highs at 1.1070 before the Aussie can declare 2018 a win. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BoE and ECB speakers in focus today – TDS FX Street 5 years The Aussie's recent bullish play against the NZD is beginning to run into resistance. Thursday's Trade Balance for the NZD could swing market favor back into the Kiwi's court. The AUD/NZD is caught near the 1.0750 level after last week's recovery from lows near 1.0650 failed to continue beyond a familiar level at 1.0775. The Aussie has been declining against the Kiwi since late May, falling from a peak of 1.0961 as the AUD suffers from being considered one of the weakest G10 currencies, losing ground against its closest counterpart the NZD for almost a month straight before pumping the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.