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NZD/USD - NFIB Business Optimism Index - 12 Jan 2021

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Signal Details
Entry Price: 
0.71642
Take Profit: 
0.72030
Stop Loss: 
0.71210
Direction: 
Buy
How we trade
Average: 5 (3 votes)

NZD/USD is trading to the upside today after the NFIB Business Optimism Index. The NFIB Research Foundation has collected Small Business Economic Trends data with quarterly surveys since 1974 and monthly surveys since 1986. Survey respondents are drawn from NFIB's membership. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the NZD/USD into the 0.72030 level.

Submitted by Toni H. on Tue, 12 Jan 2021 04:39:36 GMT

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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.

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