NZD/USD Signal - RBNZ Inflation Expectations - 7 May 2021

Signal Details

Entry Price:

0.7233

Take Profit:

0.7163

Stop Loss:

0.7277

Direction:

Sell

How we trade

NZDUSD has traded into resistance today prior to the RBNZ Inflation Expectations information, which shows the Royal Bank of New Zealands outlook at future inflation rates. Technically the pair is at a support resistance structure zone, performing a retest of a broker trendline, and the PPO is giving bearish divergence. We anticipate downside into the 0.7163 level.

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Submitted by Toni H. on Thu, 06 May 2021 23:34:55 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.

NZD/USD Signal - RBNZ Inflation Expectations - 7 May 2021

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