EXNESS - Analytics

    EXNESS

    628.50 4.00/10
    69% of positive reviews
    Real

    The Kiwi slides down to the 0.6561 support level

    Buy on rebound from 0.6561 level with 0.6750 target. Stop loss = 0.6500.

    Reason for the trading strategy

    According to the RBNZ estimates, inflation expectations for the coming 12 months are now 1.09% against 1.51% in the previous survey. If in the coming months, a reduction in the country's annual inflation rate is recorded, the regulator will have to lower the key interest rate. When testing the support level of $ 0.6561, opening short-term long positions in the Kiwi is worth considering.

     

    NZDUSD, H4


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