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  • KeonConsultancy.com

Update on bearish bias on NZD/USD

Trade active: Sold

Trade active: Actual of GDP q/q came out to be 0.7% vs consensus forecast of 0.6% whereas revision in previous release was done from 0.5% to 0.1%. 'Revision in previous release' is way more negative than 'actual release today'. = Bearish

Comment: Plan for SL/exit in loss: Exit if it goes beyond high of spike (high of 15M candle formed at 5:45 p.m. EST) right after release of data.