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AUD/USD Signal - AUD RBA Governor Lowe Speech - 5 Feb 2021

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Signal Details
Entry Price: 
0.7601
Take Profit: 
0.7505
Stop Loss: 
0.7665
Direction: 
Sell
How we trade
Average: 3.3 (4 votes)

AUDUSD is trending to the downside today after RBA Governor Lowe's speech, which gave further insight into the Australian economic health. Technically the pair is trading below the moving averages and the 0.7600 pivot level. We anticipate further downside into the 0.7505 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.