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NZD/USD Signal - NZD Visitor Arrivals - 17 May 2021

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Signal Details
Entry Price: 
0.7232
Take Profit: 
0.718
Stop Loss: 
0.7272
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD is trading to the downside following disappointing NZD Visitor Arrivals YoY data, which measures the number of visitors. The data showed a -97.4% decrease in the number of visitors. Technically the pair has traded out of resistance and we anticipate continued downside on the pair.

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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.