Buy on a level breakthrough of 0.6605 with 0.6705 target. Stop loss = 0.6550.
Reason for the trading strategy
New Zealand’s foreign trade deficit totaled 963 million NZ dollars in October, with a forecast of 1.00 billion NZ dollars. The previous value (of the deficit) amounted to 1.14 billion NZ dollars. The growth of the trade balance, which is part of New Zealand’s GDP, will support the Kiwi.
NZDUSD, H4
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Reason for the trading strategy
New Zealand’s foreign trade deficit totaled 963 million NZ dollars in October, with a forecast of 1.00 billion NZ dollars. The previous value (of the deficit) amounted to 1.14 billion NZ dollars. The growth of the trade balance, which is part of New Zealand’s GDP, will support the Kiwi.
NZDUSD, H4
Read more
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