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NZD/USD Signal - USD ISM Manufacturing PMI - 3 May 2021

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Signal Details
Entry Price: 
0.7173
Take Profit: 
0.71020
Stop Loss: 
0.7220
Direction: 
Sell
How we trade
Average: 5 (3 votes)

NZDUSD is trending to the downside today prior to the USD ISM Manufacturing PMI data today, which shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. Technically the pair is trending to the downside, and holding below the significant 0.7200 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.