Buy on a level breakthrough of 0.6980 with 0.7050 target. Stop loss = 0.6930.
Reason for the trading strategy
The Reserve Bank of New Zealand kept its key interest rate unchanged at 2.25%, as expected. The regulator believes that the main internal risk factors come form the dairy sector and low inflation expectations. Meanwhile, the latter are now securely consolidated. The RBNZ considers the exchange rate of the New Zealand dollar overvalued.
Reason for the trading strategy
The Reserve Bank of New Zealand kept its key interest rate unchanged at 2.25%, as expected. The regulator believes that the main internal risk factors come form the dairy sector and low inflation expectations. Meanwhile, the latter are now securely consolidated. The RBNZ considers the exchange rate of the New Zealand dollar overvalued.
Exness - NZDUSD: growth after the RBNZ meeting
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