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NZD/USD Signal - RBNZ Rate Decision - 18 Aug 2021

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Signal Details
Entry Price: 
0.6932
Take Profit: 
0.6999
Stop Loss: 
0.6860
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD is trading to the downside today as the RBNZ were expected to raise interest rates but held them instead. Technically the pair has created a large wick shadow to the downside and we anticipate the pair to continue to the downside and fill this wick.

Submitted by Toni H. on Wed, 18 Aug 2021 04:51:41 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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