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AUD/USD Signal - AUD New Home Sales - 18 Jan 2021

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Signal Details
Entry Price: 
0.7702
Take Profit: 
0.7820
Stop Loss: 
0.7598
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is in a long term uptrend, and we anticipate continued upside prior to the AUD New Home Sales Data. The data presents the number of new home sales in Australia. It indicates the housing market condition. Technically the pair holding above the 0.7670 pivot and we anticipate upside into the 0.7820 level.

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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.