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AUD/USD Signal - USD 20 Year Bond Auction - 17 Nov 2021

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Signal Details
Entry Price: 
0.7284
Take Profit: 
0.7190
Stop Loss: 
0.7350
Direction: 
Sell
How we trade
Average: 5 (1 vote)

AUD/USD is trending to the downside today prior to the USD 20 year Bond Auction, which reveals the yield on the bond. Technically the pair is below the 50-200 hour moving averages, which are in a bearish cross. The RSI is also pointing to the downside, and we're targeting the significant 0.71900 level just before the 61.8% fibonacci extension 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.