NZDUSD: growth against the background of a lower consumer confidence index in New Zealand

March 23, 2015

Buy on a level breakthrough of 0.7666 with 0.7842 target. Stop loss = 0.7600.

Reason for the trading strategy
The Westpac NZ consumer confidence index in Q1 2015 increased from 114.8 p. to 117.4 p. The data indicate a growth in consumer spending, which forms a significant part of New Zealand's GDP.

NZDUSD, Daily

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