Sell on a level breakthrough of 0.6840 with 0.6761 target. Stop loss = 0.6900.
Reason for the trading strategy
In March New Zealand's trade balance amounted to 117 million New Zealand dollars, with a forecast of 405 million New Zealand dollars. A year ago the figure was 631 million NZ dollars. The reduction in the trade balance, which forms a part of the country's GDP, will put pressure on the Kiwi.
Reason for the trading strategy
In March New Zealand's trade balance amounted to 117 million New Zealand dollars, with a forecast of 405 million New Zealand dollars. A year ago the figure was 631 million NZ dollars. The reduction in the trade balance, which forms a part of the country's GDP, will put pressure on the Kiwi.
NZDUSD:under pressure against background of a decrease in New Zealand's trade balance
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