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NZD/JPY Signal - NZD Westpac Consumer Survey - 20 Dec 2021

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Signal Details
Entry Price: 
76.377
Take Profit: 
77.10
Stop Loss: 
74.80
Direction: 
Sell
How we trade
Average: 5 (3 votes)

NZDJPY has broken the support trendline prior to the NZD Consumer Survey, which measures consumers sentiment towards the economy. Technically the pair has broken the ascending trendline, and the RSI is pointing to continued downside.

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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.