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NZD/USD Signal - USD CPI Data - 12 MAY 2020

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Signal Details
Entry Price: 
0.6066
Take Profit: 
0.5999
Stop Loss: 
0.6090
Direction: 
Sell
How we trade
Average: 5 (3 votes)

The NZD is selling off against ithe USD prior to USD consumer price index data. The CPI provides a measure of the change in price across a range of goods and services. We anticipate further NZD weakness into the 0.5999 zone.

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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.