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NZD/USD Signal - NZD Building Permits - 30 Sep 2020

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Signal Details
Entry Price: 
0.6596
Take Profit: 
0.6644
Stop Loss: 
0.6559
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the upside today after positive building permits data. The data shows the increase or decrease in number of new building permits granted. The consensus was a -1.4% decrease but the data came in at a 0.3% increase. Technically the pair is trading above the 1h 50 moving average. We anticipate upside into 0.6644.

Submitted by Toni H. on Tue, 29 Sep 2020 23:28:12 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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