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AUD/USD Signal - AUD Unemployment Rate - 18 Mar 2021

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Signal Details
Entry Price: 
0.7828
Take Profit: 
0.7900
Stop Loss: 
0.7720
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the upside following the AUD unemployment rate, which came in at 5.8% vs the 6.3% consensus. The fed also was dovish yesterday at the FOMC meeting, which is USD bearish. Technically the pair is trading above the 0.780 level, and we anticipate upside into the 0.79 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.