[NZD/USD]

[NZD/USD] also had a volatile session yest as it staged a strong recovery from an earlier low of 0.5550 following another weak Westpac consumer confidence survey to an o/n high of 0.5722 on the back of Wall St's early rally following better than expected econ data & comments from Trsy Sec Geithner. However, as Wall St gave up its earlier gains, so did the pair which fell back to open this mrng ard the 0.5650 lvl before a slightly better than f/c NZ Q4 c/a deficit of NZ$4.03 bln vs a revised -NZ$6.01 bln prev saw the pair trading a tad higher to current level of 0.5685. Like its Aussie cousin, the pair will probably find some support from Asia/Pacific stock markets which is likely to trade higher following Wall St's firmer close. Buying orders at 0.5635 by NZ exporters will protect the downside and selling orders at 0.5735 by intraday specs will keep the range this session.