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AUD/NZD Signal - AUD Trade Balance Data - 4 Jun 2020

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Signal Details
Entry Price: 
1.07755
Take Profit: 
1.09360
Stop Loss: 
1.06950
Direction: 
Buy
How we trade
Average: 3.8 (9 votes)

AUDNZD is trending to the upside prior to the AUD trade balance data release. This reflects the balance of its imports and exports, and gives a general idea of economic health. We anticipate further AUD upside into the 1.09360 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.