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AUD/USD Signal - AUD Home Loans - 9 Jul 2020

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Signal Details
Entry Price: 
0.6988
Take Profit: 
0.7020
Stop Loss: 
0.6960
Direction: 
Buy
How we trade
Average: 5 (2 votes)

AUDUSD is trading to the upside prior to the AUD home loan data release today. The Home Loan Data is a numerical measure of Home Loans, and typically is an indicator to the health of the economy. The data release usually impacts AUD strength with a higher reading being bullish and a lower reading being bearish for the AUD. We anticipate further upside into 0.7020.

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.