EXNESS - Analytics

EXNESS

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NZDUSD: under pressure after the publication of New Zealand's GDP for Q1 2015

Sell on a level breakthrough of 0.6870 with 0.6800 target. Stop loss = 0.6920.

Reason for the trading strategy

New Zealand's GDP increased by 0.2% (q/q) in Q1 2015, with a forecast of 0.6% (q/q). From April, 2014 to March, 2015, GDP increased by 3.2% (y/y) with a forecast of 3.3% (y/y). The lower growth rate of the national economy will promote the further monetary easing by the RBNZ.

NZDUSD, H4

NZDUSD



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