EXNESS - Analytics

EXNESS

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NZDUSD: consolidation in the range of 0.6311-0.6387

Sell on a level breakthrough of 0.6311 with 0.6250 target. Stop loss = 0.6361.

Reason for the trading strategy

The commodity prices lowering forces investors to sell the Kiwi. From a technical point of view, the level breakthrough of $0.6311 will serve as a signal for opening short positions in it.

 

NZDUSD, H4

NZDUSD



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