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NZD/USD Signal - USD Retail Sales - 16 Mar 2021

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Signal Details
Entry Price: 
0.7201
Take Profit: 
0.7280
Stop Loss: 
0.7140
Direction: 
Buy
How we trade
Average: 5 (1 vote)

NZDUSD is trending to the upside today prior to the USD Retail Sales Data, which measures the total receipts of US Retail stores. Technically the pair is now trading above the 1h 50,100 & 200 moving averages. Our downside protection is below the most recent daily swing low, and we anticipate upside into the 127% fibonacci extension level at 0.7280.

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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.