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AUD/NZD Signal - AUD Retail Sales - 21 Dec 2020

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Signal Details
Entry Price: 
1.0678
Take Profit: 
1.0550
Stop Loss: 
1.0720
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

AUDNZD has rejected the resistance trendline ahead of the AUD retail sales data. The retail sales data reflects the growth or decline in retail sales revenue. Technically the pair is holding below the 4h trendline and we anticipate further downside into the 1.0550 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.