EXNESS - Analytics

    EXNESS

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    NZDUSD: growth against the background of an increase in inflation pressure in New Zealand

    Buy on a level breakthrough of 0.6544 with 0.6588 target. Stop loss = 0.6500.

    Reason for the trading strategy

    The PPI Output in New Zealand grew from -0.2% (q/q) to 1.3% (q/q) in Q3 2015. The rising inflationary pressure reduces the possibility of easing of the monetary policy in the country. The local weakness of the US dollar may lead the NZD/USD pair to the level of 0.6588 in the short term.

    NZDUSD, H1

    NZDUSD


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