Sell on a level breakthrough of 0.6366 with 0.6173 target. Stop loss = 0.6450.
Reason for the trading strategy
The consumer price index in New Zealand decreased by 0.5% (q/q) in Q4 2015, with a forecast of a decline of 0.2% (q/q). The drop in inflationary pressures in the country comes against the background of falling commodity prices. In 2016, we can not exclude an easing of the monetary policy in New Zealand.