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

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Signal Details
Entry Price: 
0.7072
Take Profit: 
0.7145
Stop Loss: 
0.7020
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the upside today prior to the Reserve Bank of Australia Debelle's speech. Typically this gives oversight of the Bank's operations in the domestic and global financial markets, including the management of Australia's foreign reserves. Technically the pair is above the 1h 50 moving average and the 0.7045 pivot and we anticipate continued upside into the 0.7145 pivot.

Submitted by Toni H. on Wed, 21 Oct 2020 05:49:45 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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