AUD/NZD Signal - AUD Retail Sales - 4 Dec 2020

Signal Details

Entry Price:

1.0513

Take Profit:

1.0640

Stop Loss:

1.0430

Direction:

Buy

Result:

Profit

How we trade

AUDNZD is trending to the upside today prior to AUD retail sales, which we anticipate spurring AUD strength. AUDNZD has rebounded from the weekly cable trendline, and on the 1h chart has broken the downtrend line. Price is also trading above the 21, 50, 100 & 200 moving averages. We anticipate upside into 1.0640.

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Submitted by Toni H. on Thu, 03 Dec 2020 23:14:18 GMT

Live Broker Spreads

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.

AUD/NZD Signal - AUD Retail Sales - 4 Dec 2020

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