Sell on a level breakthrough of 0.6245 with 0.6200 target. Stop loss = 0.6290.
Reason for the trading strategy
The Kiwi is trying to grow, but it's not succeeding. Its main pressure factors are the slowdown of the Chinese economy, a likely decrease by 25 bps in the key interest rate in New Zealand and the expected growth in the US rates by the same amount in September.