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NZD/USD Signal - USD Continuing Jobless Claims - 22 Jul 2021

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Signal Details
Entry Price: 
0.6955
Take Profit: 
0.6885
Stop Loss: 
0.7006
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the downside following a bounce from resistance. Later today the USD Continuing Jobless data will be released, which measures the number of people staying on unemployment benefits. Technically the pair is at 200MA resistance and the RSI has bearish momentum. We are looking for continued downside into the 0.6885 level.

Submitted by Toni H. on Thu, 22 Jul 2021 05:54:58 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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