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NZD/USD Signal - USD Consumer Confidence - 27 Apr 2021

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Signal Details
Entry Price: 
0.7229
Take Profit: 
0.7180
Stop Loss: 
0.7275
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD has broken the support trendline prior to the USD consumer confidence data, which shows the general confidence of consumers in the US economic health. Technically the Kiwi has performed a classic break and retest pattern and the PPO has given a bearish cross signal. We anticipate downside into the 0.7180 pivot 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.