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NZD/USD Signal - USD Building Permits - 21 Jan 2021

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Signal Details
Entry Price: 
0.7206
Take Profit: 
0.7253
Stop Loss: 
0.7138
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the upside today prior to the USD Building Permits data, which shows the number of permits for new construction projects. Technically the pair is holding above the 0.7167 pivot and trading above the moving averages. We anticipate continued upside into the 0.7253 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.