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AUD/USD Signal - AUD Unemployment Rate - 17 Dec 2020

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Signal Details
Entry Price: 
0.75821
Take Profit: 
0.7615
Stop Loss: 
0.7550
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the upside after AUD unemployment data came out better than the consensus. The unemployment rate data measures the percentage of citizens receiving unemployment benefits in Australia. Technically the pair has held above the 0.7565 pivot and the 50 moving average. We anticipate further upside into the 0.7615 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.