Sell on a level breakthrough of 0.6739 with 0.6689 target. Stop loss = 0.6789.
Reason for the trading strategy
The current account deficit of New Zealand's balance of payments for the year (from October to September) amounted to 8.10 billion NZ dollars, with a forecast of 8.29 billion NZ dollars. The statistics, which was better than expected, did not provide any significant support for the Kiwi. Before the US Federal Reserve meeting, the commodity currencies remain under pressure.
Reason for the trading strategy
The current account deficit of New Zealand's balance of payments for the year (from October to September) amounted to 8.10 billion NZ dollars, with a forecast of 8.29 billion NZ dollars. The statistics, which was better than expected, did not provide any significant support for the Kiwi. Before the US Federal Reserve meeting, the commodity currencies remain under pressure.
NZDUSD: consolidation higher than support level of 0.6739
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