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NZD/USD Signal - USD Mortgage Applications - 20 Oct 2021

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Signal Details
Entry Price: 
0.7154
Take Profit: 
0.709
Stop Loss: 
0.7200
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZDUSD has bounced from resistance prior to the USD Mortgage Applications data, which reveals the number of mortgage applications in the US. Technically the pair has bounced from the resistance, and the RSI has generated a sell signal. We anticipate a small correction in this trend.

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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.