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AUD/NZD Signal - NZD Electronic Card Sales - 8 Nov 2021

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Signal Details
Entry Price: 
1.0395
Take Profit: 
1.03450
Stop Loss: 
1.0440
Direction: 
Sell
How we trade
Average: 5 (2 votes)

AUDNZD is trending to the downside currently prior to the NZD Electronic Card Sales data, which measures purchases made in New Zealand on debit, credit and store cards. Technically the pair formed a bearish flag and has broken the flag support. The RSI is also bearish, and we are looking for continued downside on the pacific forex cross.

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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.