29.07.2014 9:09 NZDUSD
NZDUSD: under pressure against the background of a reduction in New Zealand dairy production prices
Sell now with a target of 0.8400. Stop loss = 0.8570. Current price = 0.8511.
Reason for the trading strategy.
New Zealand's largest dairy producer, Fonterra, said that it has revised its outlook on payments to dairy farmers after the fall of prices for dairy products on world markets. As is known, this production forms a significant proportion of New Zealand's exports. Therefore, in the coming months, we can expect a reduction in profits of national producers of dairy products.
NZDUSD, Daily
NZDUSD: under pressure against the background of a reduction in New Zealand dairy production prices
Sell now with a target of 0.8400. Stop loss = 0.8570. Current price = 0.8511.
Reason for the trading strategy.
New Zealand's largest dairy producer, Fonterra, said that it has revised its outlook on payments to dairy farmers after the fall of prices for dairy products on world markets. As is known, this production forms a significant proportion of New Zealand's exports. Therefore, in the coming months, we can expect a reduction in profits of national producers of dairy products.
NZDUSD, Daily
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