The NZD/USD pair started the week with some positive momentum, managing to end a four-day losing streak that brought it to its lowest level since October 2022. Spot prices settled around the 0.5565 area following the release of China’s Trade Balance data. This upward trend merits close attention, as traders assess its sustainability in light of broader market conditions. The relationship between these currencies will be crucial for forex traders. Monitoring trade data and their effects on currency pairs is fundamental for developing effective trading strategies. Overall, understanding these dynamics helps investors navigate the forex market more effectively.