EXNESS - Analytics

    EXNESS

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    Real

    NZDUSD: consolidation in the range of 0.6639-0.6697

    Buy on a level breakthrough of 0.6697 with 0.6750 target. Stop loss = 0.6647.

    Reason for the trading strategy

    As the situation in the commodity markets stabilizes, investors turn their attention to the high-yielding currencies once again. At present, the yield spread between 10-year government bonds in New Zealand and the United States is 122 bps, which supports the Kiwi.   

    NZDUSD, H1


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