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NZD/USD Signal-US Manufacturing PMI (Sep)- 1 October 2021

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Signal Details
Entry Price: 
0.69259
Take Profit: 
0.68420
Stop Loss: 
0.69510
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZD/USD is trading to the downside today prior to the Manufacturing Purchasing Manager's Index (PMI). The price is trading above both its 20 and 50 period moving average (respectively at 0.6894 and 0.6892). We anticipate a retracement to the take profit level at 0.68420

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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.