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AUD/USD Signal - AUD RBA Speech - 21 May 2020

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Signal Details
Entry Price: 
0.6563
Take Profit: 
0.6521
Stop Loss: 
0.6579
Direction: 
Sell
How we trade
Average: 5 (5 votes)

AUD is weakening against USD prior to the AUD RBA Governor Lowe's speech. The speech gives an indication as to economic conditions and the RBA's monetary policy. We anticipate further AUD weakness into the 0.6521 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.