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NZD/USD Signal - USD Redbook Index - 11 Aug 2020

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Signal Details
Entry Price: 
0.65888
Take Profit: 
0.6547
Stop Loss: 
0.6630
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZD/USD is trending to the downside prior to USD Redbook index data later today. NZD sold off yesterday, and we anticipate this direction to continue prior to Redbook Index Data. Redbook index data is a year over year weighted sales growth measurement, which is an indicator to US economic health. We are looking for downside into 0.6630.

Submitted by Toni H. on Tue, 11 Aug 2020 00:31:15 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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