EXNESS - Analytics

EXNESS

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NZDUSD: consolidation higher than the level of 0.6540

Sell on a level breakthrough of 0.6540 with 0.6500 target. Stop loss = 0.6580.

Reason for the trading strategy

The business sentiment index in New Zealand's manufacturing sector declined from 55 p. to 53.3 p. in October. The statistics are moderately negative for the Kiwi. At a breakthrough level of 0.6540 opening short positions for the NZD/USD pair is worth considering.

NZDUSD, H1

NZDUSD



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