29.10.2014 8:08 NZDUSD
NZDUSD: growth against the background of an increasing business confidence index in New Zealand
Buy on a level breakthrough of 0.7957 with 0.8032 target. Stop loss = 0.7900.
Reason for the trading strategy
In September, the business confidence index in New Zealand rose from 13.4 p. to 26.5 p. The data indicate a probability of an increase in investment spending by the national companies, which will benefit the future growth of New Zealand’s GDP.
NZDUSD, H4
20.11.2014 7:07 NZDUSD
NZDUSD: under pressure against the background of a reduction in New Zealand’s PPI
Sell on a level breakthrough of 0.7823 with 0.7770 target. Stop loss = 0.7870.
Reason for the trading strategy
Producer price index in New Zealand in Q3 2014 increased by 1.1% (q/q), which was better than the expected +0.2% (q/q). The data reflect a decline in inflationary pressures in the country, which may put some pressure on the Kiwi.
NZDUSD, H4
27.11.2014 7:07 NZDUSD
NZDUSD: growth against the background of a decline in foreign trade deficit in New Zealand
Buy on a level breakthrough of 0.7920 with 0.7975 target. Stop loss = 0.7870.
Reason for the trading strategy
In October, the merchandise trade deficit in New Zealand fell from 1.367 billion to 908 million. The growth in the trade balance, which is part of the country’s GDP will support the exchange rate of the Kiwi. On a resistance level breakthrough of 0.7920, opening long positions on the Kiwi is worth considering.
NZDUSD, H4
