Date Posted: 27 Nov
Ccy Pair: NZDUSD
Trade Action: BUY
Order Type: Buy Stop Entry
Execution: Trendline Trader
Trade Parameters – PENDING
Take Profit 0.6567 +125p
Stop Loss 0.6417 -25p
Chart & Forecast Details
The NZDUSD downside move has completely stalled and recent NZ Retail Sales data has the NZDUSD on solid ground once again. If a trade deal between the US & China comes through and/or we get weak US Durable Goods & PCE Price Index data then I think we’ll see a quick 100 pip spike as there is no resistance between current market levels and 0.6620.
Key Trade Day: Wednesday 27th Nov – US Durable Goods & PCE Price Index
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