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.