Sorry, you need to enable JavaScript to visit this website.

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

You are here

»
Signal Details
Entry Price: 
0.7040
Take Profit: 
0.6900
Stop Loss: 
0.7100
Direction: 
Sell
How we trade
Average: 5 (1 vote)

NZD/USD has bounced from resistance prior to the USD Retail Sales data, which measures the receipts for retail stores domestically. Technically the pair has bounced from resistance at the previous structure and the 38.2% fibonacci retracement level. The RSI has now turned bearish, and we anticipate continued downside into the 0.6900 level.

Submitted by Toni H. on Mon, 15 Nov 2021 22:59:24 GMT

Live Broker Spreads

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.

Site Pages

Legal Pages

Social Corner

Trading tools