NZDUSD
Jan. 25, 2016, 11:18
Buy on rebound from 0.6461 level with 0.6557 target. Stop loss = 0.6411.
Reason for the trading strategy
Expectations, that the yield spread between the US and New Zealand key interest rates will remain unchanged this week, have a stabilizing effect on the Kiwi. After removing the overbought value, opening long positions on the NZD/USD pair can be considered from the level of 0.6461.
Jan. 25, 2016, 11:18
Buy on rebound from 0.6461 level with 0.6557 target. Stop loss = 0.6411.
Reason for the trading strategy
Expectations, that the yield spread between the US and New Zealand key interest rates will remain unchanged this week, have a stabilizing effect on the Kiwi. After removing the overbought value, opening long positions on the NZD/USD pair can be considered from the level of 0.6461.
NZDUSD: consolidation in the range of 0.6461-0.6557
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