The New Zealand Trade Balance showed a bigger deficit than economists expected as imports came in higher and exports rose. The New Zealand Dollar continued to push higher and the NZD/USD into its resistance level. Ongoing global economic worries, intensified by this morning’s Chinese industrial profits data, remain a top concern and forex traders will get a heavy dose of US economic data today. What impact will this have on price action? Subscribe to the PaxForex Daily Fundamental Analysis and grow your balance trade-by-trade.

Economic data out of the US is expected to move the US Dollar on the back of Preliminary Durable Goods Orders and Personal Income and Personal Spending data. The final reading for third-quarter GDP is widely expected to confirm the previous reading. The Chicago PMI will also be in focus as it is expected to show the region in a recession. How will the NZDUSD react following the release of economic data out of the US? Today’s fundamental analysis will take a look at the upside potential as well as the downside risk in this currency pair.