EXNESS - Analytics

    EXNESS

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    NZDUSD: consolidation in the range of 0.7081-0.7150

    Buy on rebound from 0.7081 level with 0.7150 target. Stop loss = 0.7031.

    Reason for the trading strategy

    The Westpac NZ consumer confidence index in Q2 2016 decreased from 109.6 p. to 106.0 p. In order to continue growing, the NZDUSD pair will need to remove its overbought value. Accumulation of long positions on it can be considered from the support level of 0.7081.

     

    NZDUSD, H1

     


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