Buy on a level breakthrough of 0.7443 with 0.7543 target. Stop loss = 0.7390.
Reason for the trading strategy
In Q1 2015, the manufacturer's selling prices in New Zealand decreased by 0.9% (q/q) in comparison with Q4 2014. Low inflationary pressures in the reporting period were due to the sharp decline in oil prices. Meanwhile, the RBNZ survey for Q2 2015 showed that inflation expectations for the next 12 months amounted to 1.32% versus 1.11% in the previous studies.