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AUD/NZD Signal - AUD Westpac Leading Economic Index - 16 Jun 2021

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Signal Details
Entry Price: 
1.078
Take Profit: 
1.075
Stop Loss: 
1.0808
Direction: 
Sell
How we trade
Average: 5 (1 vote)

AUDNZD is moving to the downside following the AUD Westpac Leading Economic Index data, which showed a 0.3% contraction on the previous months reading. Technically the pair has rebounded out of the resistance trendline and the PPO is bearish. Price has also broken the support trendline and we anticipate downside into the 1.0750 level.

Submitted by Toni H. on Wed, 16 Jun 2021 02:29:02 GMT

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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.

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