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AUD/USD Signal - Fed's Chair Powell Speech - 09 May 2019

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Signal Details
Entry Price: 
0.6960
Take Profit: 
0.6900
Stop Loss: 
0.6990
Direction: 
Low
Result: 
Void
How we trade
5/5 of 6 ratings

AUDUSD is trading below 0.7000 ahead of Fed's Chair Powell speech which is scheduled for 12:30 GMT. Mr. Powell is unlikely to mention monetary policy and the US-China trade talks will continue ruling the market sentiment. The Aussie is still offered after RBA's decision not to change the rates.

audusd signal 09 may 2019

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.