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NZD/USD Signal - NZD Credit Card Spending - 21 May 2021

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Signal Details
Entry Price: 
0.7197
Take Profit: 
0.7126
Stop Loss: 
0.7246
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD has bounced out of resistance today prior to the NZD Credit Card Spending data, which shows the change in credit card expenditure domestically, and is a good indicator for consumer confidence in the economy. Technically the PPO is showing bearish momentum, and the key level of 0.72200 lies as resistance. We anticipate downside into the 0.7126 level.

Submitted by Toni H. on Thu, 20 May 2021 23:22:51 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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