EXNESS - Analytics

    EXNESS

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    NZDUSD: consolidation below the level of 0.7275

    Buy on a level breakthrough of 0.7275 with 0.7350 target. Stop loss = 0.7225.

    Reason for the trading strategy

    Recently, the New Zealand currency looks better than its Australian counterpart. This weekend, the inflation statistics for China will be published. If the data turns out to be better than expected, the uptrend in the NZDUSD pair will continue. The carry trade strategy, associated with the purchase of the Kiwi, remains urgent against the background of falling interest rates on the EU and the US bonds.

     

    NZDUSD, H1

     



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