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NZD/USD Signal - NZD Trade Balance - 18 Dec 2020

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Signal Details
Entry Price: 
0.7148
Take Profit: 
0.7105
Stop Loss: 
0.7185
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (1 vote)

NZDUSD is pushing down today, having bounces out of the 0.7164 pivot level prior to the NZD Trade Balance Data. The data is the difference between the value of country's exports and imports, over a period of year. Technically the pair is below the 30m 50 moving average and we anticipate downside today into support at 0.7105.

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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.