The Kiwi is heading lower in early Wednesday action despite a better-than-expected Trade Balance report. Market sentiment is continuing to sour as traders struggle to recover from the ongoing geopolitical tensions from abroad. The NZD/USD is trading lower once again in Wednesday’a Asia markets, knocking back into 0.6830 and setting a new low for the week. Overall market sentiment is still struggling to recover, and the NZD is slipping on the day despite the Trade Balance figures earlier giving the pair a bullish push after New Zealand’s Trade Balance jumped to a $294 million surplus, clearing market expectations of a $100 million surplus driven by a surge in exports, which posted their second-best month in the recorded data. Market sentiment is still the big driver of broader markets, and risk appetite is heaving a queasy week, taking riskier assets further down for the day following headlines that yet another key member of US President Trump’s inner economic advisory circle is leaving the White House administration, alongside reports that Russia’s Energy Minister held a meeting with US Treasury Secretary Steven Mnuchin. Friendly exposure between Russia and the US comes at a po0or time, especially with President Trump actively ensaring long-time allies and trading partners with the US in a vehement battle of words and trade tariffs. NZD/USD levels to watch The pair is dangerously close to taking out last week’s low of 0.6825, and a dedicated break of the level will see further bearish action taking the Kiwi into 0.6780, November 2017’s low for the pair. Bullish action is being capped by the week’s high at 0.6920, and a bullish reversal will face further challenges from June’s highs far above at 0.7060. 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 China fixes Yuan mid-point at weakest level since Dec. 25, 2017 FX Street 5 years The Kiwi is heading lower in early Wednesday action despite a better-than-expected Trade Balance report. Market sentiment is continuing to sour as traders struggle to recover from the ongoing geopolitical tensions from abroad. The NZD/USD is trading lower once again in Wednesday'a Asia markets, knocking back into 0.6830 and setting a new low for the week. Overall market sentiment is still struggling to recover, and the NZD is slipping on the day despite the Trade Balance figures earlier giving the pair a bullish push after New Zealand's Trade Balance jumped to a $294 million surplus, clearing market expectations of a… 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.