Sell on a level breakthrough of 0.6966 with 0.6900 target. Stop loss = 0.7016.
Reason for the trading strategy
After an easing of monetary policy in New Zealand, the yield on the carry trade strategy in the NZD/USD pair dropped. Today, the negative macroeconomic statistics from New Zealand put pressure on the kiwi. In May, the business sentiment index in the manufacturing sector fell from 51.7 p. to 51.5 p.