EXNESS - Analytics

    EXNESS

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    NZDUSD: growth against the background of higher inflation in China

    Buy on a level breakthrough of 0.6753 with 0.6813 target. Stop loss = 0.6703.

    Reason for the trading strategy

    The June increase from 1.2% to 1.4% in the annual growth rate of consumer prices in China demonstrates a recovery of economic activity in the country and contributes to the growth in demand for commodity currencies, including the Kiwi.

    NZDUSD, H4

    NZDUSD


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