EXNESS - Analytics

    EXNESS

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    Real

    The high-yielding Kiwi is in demand

    Buy on a level breakthrough of 0.7168 with 0.7220 target. Stop loss = 0.7118. 

    Reason for the trading strategy

    An improvement in the situation on the commodity markets and the preservation of a positive differential between the key interest rates in New Zealand and the US play into the hands of the New Zealand currency. At a breakthrough of the 0.7168 level, opening long positions for the NZDUSD pair is worth considering.

     

    NZDUSD, H1

     


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