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

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Signal Details
Entry Price: 
0.7378
Take Profit: 
0.7430
Stop Loss: 
0.7340
Direction: 
Buy
How we trade
Average: 5 (2 votes)

AUDUSD is trending to the upside prior to the RBA interest rate decision. The consensus is that the RBA will leave rates unchanged, which may give a boost to the AUD. Typically increasing the interest rate is bullish for the AUD and a decrease is bearish. Technically the pair is trading above the 1h 50ema. We anticipate continued upside into 0.7430.

Submitted by Toni H. on Tue, 01 Sep 2020 01:16:58 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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