The Kiwi is testing its 2015 minimum

May 29, 2015

Sell on a level breakthrough of 0.7126 with 0.7000 target. Stop loss = 0.7180.

Reason for the trading strategy

In March, the business sentiment index in New Zealand fell from 30.2 p. to 15.7 p. The statistics indicates a likely decline in the country's investment spending. Against the background of the US dollar growth, in the short term, the Kiwi may update its 2015 minimum.

Publication source
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