EXNESS - Analytics


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    NZDUSD: consolidation below the level of 0.7081

    Buy on a level breakthrough of 0.7081 with 0.7150 target. Stop loss = 0.7031. 

    Reason for the trading strategy

    The positive macroeconomic statistics for New Zealand, which has been published over the last couple of days, had a stabilizing effect on the exchange rate of the Kiwi. New Zealand's GDP increased by 0.7% (q/q) in Q1 2016, with a forecast of 0.5% (q/q). In May, the business sentiment index in New Zealand's manufacturing sector rose from 56.6 p. to 57.1 p.


    NZDUSD, H1


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