Sell on a level breakthrough of 0.6786 with 0.6700 target. Stop loss = 0.6840.
Reason for the trading strategy
In April, the ANZ business confidence index in New Zealand fell from 15.7 p. to -2.3 p. The data reflect a slowdown in the economic activity in the country. The renewed growth in the world's reserve currency against the euro puts additional pressure on the Kiwi.