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NZD/USD Signal - NZD Building Permits - 13 Jan 2021

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Signal Details
Entry Price: 
0.7225
Take Profit: 
0.7273
Stop Loss: 
0.7161
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the upside today prior to the NZD Building Permits Data. The data shows the number of permits for new construction projects, and is considered a leading economic indicator. Technically the pair is trading above the 50 & 100 moving averages and we anticipate continued upside into the 0.7273 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.