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AUD/USD Signal - AUD RBA Rate Decision - 4 May 2021

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Signal Details
Entry Price: 
0.7739
Take Profit: 
0.7690
Stop Loss: 
0.7780
Direction: 
Sell
How we trade
Average: 5 (2 votes)

AUDUSD is trending to the downside today prior to the AUD RBA Interest rate decision. Technically the pair has rebounded out of the trendline resistance today and we anticipate continued downside.

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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.