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NZD/USD Signal - USD Initial Jobless Data - 16 Jul

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Signal Details
Entry Price: 
0.6575
Take Profit: 
0.6623
Stop Loss: 
0.6545
Direction: 
Buy
How we trade
Average: 5 (2 votes)

NZDUSD is trading around 0.6575 today prior to USD initial jobless claims data. The initial Jobless claims data is a measure of people filing for unemployment benefits for the first time. We anticipate NZD strength today prior to the data release. Technically we are trading above the 1hr 50ema and the 0.6545 pivot. We anticipate upside into 0.6623.

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.