EXNESS - Analytics

EXNESS

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NZDUSD: consolidation below the level of 0.6941

Buy on a level breakthrough of 0.6941 with 0.7005 target. Stop loss = 0.6890.

Reason for the trading strategy

The Westpac NZ consumer confidence index in Q2 2015 decreased from 17.4 p. to 113 p. The data indicate a reduction in consumer spending in the country. Despite this, the Kiwi is growing against the background of a weak US dollar.

 

NZDUSD, H4

NZDUSD



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