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AUD/USD Signal - AUD Unemployment Rate - 13 Aug 2020

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Signal Details
Entry Price: 
0.7161
Take Profit: 
0.7105
Stop Loss: 
0.7190
Direction: 
Sell
How we trade
Average: 5 (1 vote)

AUD/USD is trending to the downside today prior to AUD Unemployment rate data. The consensus is a 0.4% increase in unemployment, with a higher reading typically being bearish for the AUD. We anticipate downside on the pair into the 0.7105 level. Technically the pair has found resistance at te 0.7175 level.

Submitted by Toni H. on Wed, 12 Aug 2020 22:38:25 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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