EXNESS - Analytics

    EXNESS

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    NZDUSD: consolidation below the level of 0.6697

    Buy on a level breakthrough of 0.6697 with 0.6774 target. Stop loss = 0.6640.

    Reason for the trading strategy

    The stabilization of the situation on the commodity markets in February forces investors to pay attention to the higher-yielding currencies, including the Kiwi. In March, we expect the basic interest rate in New Zealand to remain at 2.5% and the NZDUSD pair to go out of the upper limit of the range of 0.6551-0.6774.

     

    NZDUSD, H4

     


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