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EUR/NZD Signal - NZD Westpac Consumer Survey - 20 Sep 2021

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Signal Details
Entry Price: 
1.667
Take Profit: 
1.6845
Stop Loss: 
1.6590
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURNZD is trending to the upside prior to the NZD Westpac Consumer Survey data, which usually is based on a survey during which respondents rate their opinion on different issues concerning current and future economic conditions. Technically the pair is grinding to the upside, but is lagging behind gains made on EURAUD. We anticipate the pair to make gains and catch up to the highly correlated counterpart.

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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.