EXNESS - Analytics

    EXNESS

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    NZDUSD: consolidation below the 0.6675 level

    Buy on a level breakthrough of 0.6675 with 0.6750 target. Stop loss = 0.6625.

    Reason for the trading strategy

    The producer price index in New Zealand in Q4 2015 decreased by 0.8% (q/q). The statistics will not have any significant impact on the Kiwi. The import prices in Q1 2016 (and the inflationary pressure in New Zealand) can grow against the background of stabilization of the situation in the oil market and a low probability of increase in the US key interest rate in March. 

    NZDUSD, H4


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