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NZD/USD Signal - USD Consumer Price Index - 13 Apr 2021

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Signal Details
Entry Price: 
0.7028
Take Profit: 
0.6968
Stop Loss: 
0.7094
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD is finding downside today prior to the USD CPI data, which measures the change in price of a range of products and services, to measure inflation. Technically the pair is below the resistance trendline & the PPO is bearish. We anticipate downside into the 0.6968 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.