Preferred direction: BUY Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar. Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term weakening. This probability is precisely described on the graph in the framework of scenario №1, which is more likely at the moment, but scenario №2 is also already in the works.
Just like in AUDUSD, we continue to accumulate long positions with a medium-term target at the level of 0.60713.
Additional comments on this trade will be provided as situation changes. Follow us!