NZDUSD
Dec. 18, 2014, 07:23
Buy on a level breakthrough of 0.7752 with 0.7839 target. Stop loss = 0.7700.
Reason for the trading strategy
New Zealand's GDP in Q1 2014 increased by 1.0% (q/q), with a forecast of 0.7% (q/q). The data reflect a growth of aggregate demand in the national economy. We believe the statistics will provide support for the Kiwi. On a resistance level breakthrough of 0.7752, opening long positions on the Kiwi is worth considering.
NZDUSD, H4