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NZD/USD Signal - Electronic Card Retail Sales - 19 Jan 2021

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Signal Details
Entry Price: 
0.71057
Take Profit: 
0.71936
Stop Loss: 
0.70178
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZD/USD is trading to the upside today after the Electronic Card Retail Sales. Reported by Statistics New Zealand, the Electronic Card Retail Sales measures purchases made in New Zealand on debit, credit and store cards. The figure gives hint of strength in the retail sector and influences interest rate decisions.. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the NZD/USD into the 0.71936 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.