Sell on a level breakthrough of 0.6790 with 0.6725 target. Stop loss = 0.6840.
Reason for the trading strategy
This week, Eric Rosengren and Loretta Mester, the US Federal Reserve representatives, declared about the possibility of raising the key interest rates in the US as the situation with inflation and employment normalize in the country. The volume of retail sales in the US will be published today. The growth of the index may cause the NZDUSD pair to decline to the support level of 0.6725.
Reason for the trading strategy
This week, Eric Rosengren and Loretta Mester, the US Federal Reserve representatives, declared about the possibility of raising the key interest rates in the US as the situation with inflation and employment normalize in the country. The volume of retail sales in the US will be published today. The growth of the index may cause the NZDUSD pair to decline to the support level of 0.6725.
Exness - NZDUSD: under pressure before publication of the US retail sales
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