EXNESS - Analytics


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    NZDUSD: Consolidation in the range of 0.6561-0.6750

    Buy on a level breakthrough of 0.6750 with 0.6882 target. Stop loss = 0.6700. 

    Reason for the trading strategy

    In January, the business sentiment index in New Zealand's manufacturing sector rose from 57 p. to 57.9 p. These data are positive for the Kiwi. Despite the slowdown of the Chinese economy and the collapse of the global stock indexes, the real sector of New Zealand's economy continued to recover in the beginning of the year.

    NZDUSD, H4

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