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NZD/USD Signal - NZD Consumer Price Index - 21 Apr 2021

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Signal Details
Entry Price: 
0.71660
Take Profit: 
0.72270
Stop Loss: 
0.71280
Direction: 
Buy
How we trade
Average: 5 (2 votes)

NZDUSD has traded into support and the NZD Consumer Price Index was just released positive, showing YoY 1.5% growth, against the consensus of 1.4%. Technically the pair is in a bullish channel and at support. The PPO is performing a bullish cross, and we anticipate continued upside into the 0.72270 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.