Sell on a level breakthrough of 0.6940 with 0.6870 target. Stop loss = 0.6990.
Reason for the trading strategy
The current account surplus of New Zealand's balance of payments in Q1 2015 amounted to 662 million NZ dollars, with a forecast of 190 million NZ dollars. In spite of the positive statistics, the demand for the Kiwi remains low. Investors expect a further reduction in the yield spread between the New Zealand and the US bonds.