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NZD/USD Signal - USD Redbook Index - 21 Jul 2020

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Signal Details
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How we trade
Average: 5 (2 votes)

NZD/USD is trading around 0.6564 today prior to USD Redbook Index later today. The Redbook Index is a year-over-year sales measurement that provides insight into the health of the US economy. We anticipate further NZD downside against the USD into the 0.6519 level. Technically we are trading above the 1hr 50ema, and breaks below this would act as extra confirmation.

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.