EXNESS - Analytics

EXNESS

628.25 3.75/10
71% of positive reviews
Real

NZDUSD: growth against the background of a slowdown in the business activity in China

Sell on a level breakthrough of 0.6497 with 0.6397 target. Stop loss = 0.6550.

Reason for the trading strategy

The October data on foreign trade and inflation in China indicate a slowdown of the economic activity in the world's second largest economy, which has a negative impact on the commodity currencies, including the Kiwi.

NZDUSD, H4

NZDUSD



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