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NZD/USD - USD ADP Employment Change - 3 Jun 2021

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Signal Details
Entry Price: 
0.7212
Take Profit: 
0.7260
Stop Loss: 
0.7180
Direction: 
Buy
How we trade
Average: 5 (2 votes)

NZDUSD has traded to support prior to the USD ADP Employment data. The data provides early insight into the US employment market prior to NFP. Technically the pair has traded into a key support / resistance zone, and is forming a double bottom.

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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.