EURNZD is trending to the upside prior to the NZD Credit Card Spending data, which reveals the spending on credit cards domestically, giving insight into the personal debt markets. Technically the pair has bounced from the 71% fibo level, the 200 15m moving average and the trendline, and we anticipate upside into the 127% fibonacci extension.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.