EXNESS - Analytics

EXNESS

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NZDUSD: consolidation higher than the level of 0.6607

Sell on a level breakthrough of 0.6607 with 0.6500 target. Stop loss = 0.6657.

Reason for the trading strategy

A slowdown in the Chinese economy, an expected rise in the key interest rate in the US, and its possible reduction in New Zealand act as the risk factors for the Kiwi. At a breakthrough of the 0.6607 level, opening short positions for the NZD/USD pair is worth considering.

NZDUSD, H4

NZDUSD



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