EXNESS - Analytics

    EXNESS

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    NZDUSD: collapse against the background of falling base interest rate in New Zealand

    Sell on a level breakthrough of 0.6617 with 0.6563 target. Stop loss = 0.6667. 

    Reason for the trading strategy

    The Reserve Bank of Australia has cut the key interest rate by 25 bps, down to 2.25%. According to Graeme Wheeler, the RBNZ Governor, "an even greater policy easing may be required in order for inflation to gain a foothold around the middle of the target range." 

    NZDUSD, H1


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