EXNESS - Analytics

    EXNESS

    628.50 4.00/10
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    NZDUSD: under pressure before publication of China's foreign trade statistics

    Sell on a level breakthrough of 0.6508 with 0.6450 target. Stop loss = 0.6558.

    Reason for the trading strategy

    In the near future, China's trade balance for December may have a significant impact on the Kiwi. Its decline will have a negative impact on the future GDP growth rates of the world's second largest economy and will put pressure on the commodity currencies.


     

    NZDUSD, H4

    NZDUSD


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