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    EXNESS

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    NZDUSD: under pressure due to Business Confidence Index lowering in New Zealand's processing sector

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

    Reason for the trading strategy

    In February, the Business Confidence Index in New Zealand's manufacturing sector fell from 58 p to 56 p.  The deteriorating situation in the real sector of the economy is one of the causes of the recent reduction in the key interest rates in New Zealand.

    NZDUSD, H4


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