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NZD/USD Signal - USD Consumer Price Index - 12 May 2021

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Signal Details
Entry Price: 
0.7234
Take Profit: 
0.7304
Stop Loss: 
0.7190
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD has bounced from the support of the bullish flag prior to the USD Consumer Price Index data, which is a high impact economic event that measures the change in price across a representative basket of goods and service to measure inflation. Technically the pair is at the 0.7220 significant level as support, and the PPO is trading at overextended levels. We anticipate upside on the pair into the 0.73040 level.

Submitted by Toni H. on Wed, 12 May 2021 06:45:09 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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