EXNESS - Analytics


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    There are risks for the Kiwi to fall to the level of $0.6575

    Sell on a level breakthrough of 0.6671 with 0.6575 target. Stop loss = 0.6721.

    Reason for the trading strategy

    The technical picture of NZDUSD pair allows its sliding down to the level of 0.6575. The dollar strengthening takes place against the background of the US Federal Reserve representatives' interventions. It is today's foreign trade statistics for New Zealand that can keep the pair from the further decreasing. The New Zealand foreign trade surplus totaled 339 million NZ dollars in February, with a forecast of 90 million NZ dollars.


    NZDUSD, H4


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