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NZD/USD Signal - USD Retail Sales Data - 14 May 2021

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Signal Details
Entry Price: 
0.7179
Take Profit: 
0.7122
Stop Loss: 
0.7220
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD has hit resistance prior to the USD retail sales data, which measures the receipts for retail stores domestically. Technically the pair has hit resistance at structure and the PPO is in a bearish cross, giving bearish divergence as well.

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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.