EXNESS - Analytics

    EXNESS

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    NZDUSD: Consolidation in the 0.6561-0.6750 range

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

    Reason for the trading strategy

    Representatives of some Asian investment banks believe that China is unlikely to weaken the yuan to strengthen economic growth. This is a controversial point of view. However today we are seeing a sharp strengthening of the yuan against the US dollar, which promotes a strengthening of the kiwi.

    NZDUSD, H4


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