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AUD/USD Signal - AUD RBA Speech - 9 Sep 2021

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Signal Details
Entry Price: 
0.7365
Take Profit: 
0.7320
Stop Loss: 
0.7410
Direction: 
Sell
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the downside prior to RBA Debelle's speech. He briefs the Reserve Bank Board on developments in financial markets at the monthly Board meetings and participates as the Bank's representative in a number of global fora, including the BIS Committee on Global Financial Stability. Technically the pair is now in a bearish market structure, and we are targeting downside into the fibo extension at the 161.8% level.

Submitted by Toni H. on Wed, 08 Sep 2021 23:12:29 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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