NZDUSD
Sept. 8, 2015, 11:13
Sell on a level breakthrough of 0.6245 with 0.6200 target. Stop loss = 0.6290.
Reason for the trading strategy
The Kiwi is trying to grow, but it's not succeeding. Its main pressure factors are the slowdown of the Chinese economy, a likely decrease by 25 bps in the key interest rate in New Zealand and the expected growth in the US rates by the same amount in September.
Sept. 8, 2015, 11:13
Sell on a level breakthrough of 0.6245 with 0.6200 target. Stop loss = 0.6290.
Reason for the trading strategy
The Kiwi is trying to grow, but it's not succeeding. Its main pressure factors are the slowdown of the Chinese economy, a likely decrease by 25 bps in the key interest rate in New Zealand and the expected growth in the US rates by the same amount in September.
NZDUSD: consolidation in the range of 0.6245-0.6311
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