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AUD/USD Signal - AUD RBA Interest Rate Decision - 1 Dec 2020

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Signal Details
Entry Price: 
0.7357
Take Profit: 
0.7400
Stop Loss: 
0.7325
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

AUDUSD has been in a solid uptrend over the last few months. We are looking at the RBA interest rate decision to spur AUD strength this week. Technically the pair has rebounded out of the 0.7340 pivot, and anticipate further upside into the 0.7400 pivot. We have also seen 3 Parabolic Sar's form confirming a bullish trend.

Submitted by Toni H. on Tue, 01 Dec 2020 00:52:57 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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