Buy on a level breakthrough of 0.6894 with 0.6950 target. Stop loss = 0.6844.
Reason for the trading strategy
The consumer price index in New Zealand increased by 0.4% (y/y) in Q3 2015, with the previous value of +0.3% (y/y). Rising inflationary pressure reduces the likelihood of the regulator further reducing the key interest rate, which remains at 2.75%.