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NZD/USD Signal - USD 3 Month Bill Auction - 13 Sep 2021

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Signal Details
Entry Price: 
0.7111
Take Profit: 
0.7160
Stop Loss: 
0.7080
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD has bounced from trendline support prior to the USD 3 Month Bill Auction, which reveals the yields on the US Government backed security. Technically the pair has bounced from the trendline and the RSI has turned positive, and we are seeing USD weakness so far this week.

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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.