EXNESS - Analytics

    EXNESS

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    69% of positive reviews
    Real

    The Kiwi is testing the upper limit of the range of 0.6508-0.6580

    Buy on a level breakthrough of 0.6580 with 0.6665 target. Stop loss = 0.6530.

    Reason for the trading strategy

    The publication of the strong data on China's foreign trade in December has allowed the NZD/USD pair to adjust at the upper limit of the range of 0.6508-0.6580. Tomorrow it may be supported by the weak data on Australia's labor market, which will force investors to sell the AUD/NZD cross-rate, which has started to adjust from the resistance level of 1.0715.


     

    NZDUSD, H4

    NZDUSD


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