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NZD/USD Signal - USD 3 Month Bill Auction - 8 Feb 2021

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Signal Details
Entry Price: 
0.7201
Take Profit: 
0.7255
Stop Loss: 
0.7148
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the upside to start the week prior to the USD 3 month bill auction, which is is the average yield on the bills auctioned by US Department of Treasury. Technically the pair is above the moving averages and holding above the 0.7177 pivot, and we anticipate continued upside into 0.7255.

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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.