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.