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AUD/USD Signal - AUD HIA New Home Sales -12 May 2021

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Signal Details
Entry Price: 
0.7726
Take Profit: 
0.7820
Stop Loss: 
0.7680
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD has come into significant support today prior to the HIA New Home Sales data, which measures the number of new home sales in Australia, providing a critical economic reading of the property market. Technically the pair has traded into the daily trendline and is also just above a key daily pivot level. The PPO is trading at overextended levels and we anticipate an upside move into the 0.7820 level today.

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Submitted by Toni H. on Thu, 13 May 2021 00:29:19 GMT

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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.

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