EXNESS - Analytics

    EXNESS

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    NZDUSD: under pressure against the background of a reduction in NZ consumer confidence index

    Sell on a level breakthrough of 0.6745 with 0.6690 target. Stop loss = 0.6800.

    Reason for the trading strategy

    The Westpac consumer confidence index in New Zealand decreased from 110.7 p. to 109.6 p in Q1 2016. The decreased consumer activity of national households can put pressure on the Kiwi. In the short term, it risks testing the level of 0.6690 dollars. 

    NZDUSD, H4


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