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NZD/USD Signal - USD ADP Employment Change - 6 Jan 2021

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Signal Details
Entry Price: 
0.7238
Take Profit: 
0.7290
Stop Loss: 
0.7208
Direction: 
Buy
How we trade
Average: 5 (2 votes)

NZDUSD Is trending to the upside and has retraced ahead of ADP employment change data. The data is a measure of the change in the number of employed people in the US. Technically the pair is holding above the 0.7227 pivot, and we anticipate further upside on this pair today into the 0.7290 level.

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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.