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NZD/USD Signal - USD Personal Income - 28 May 2021

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Signal Details
Entry Price: 
0.7275
Take Profit: 
0.7155
Stop Loss: 
`0.7338
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD is finding resistance prior to the USD personal income data, which shows the total income for individuals domestically. Technically the pair has found resistance around the significant 0.7300 level after the daily chart broker bullish structure. The 0.7300 region is a strong resistance zone, and we anticipate downside. The PPO has also given a bearish cross.

Submitted by Toni H. on Fri, 28 May 2021 02:06:53 GMT

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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.

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