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AUD/USD Signal - USD 3-Month Bill Auction - 08 Mar 2021

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Signal Details
Entry Price: 
0.76956
Take Profit: 
0.77580
Stop Loss: 
0.76300
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUD/USD is trading to the upside today prior to the USD 3-Month Bill Auction. Displayed in the calendar is the average yield on the bills auctioned by US Department of Treasury. Treasury bills are short-term securities maturing in one year or less. Technically, the pair is trading above the 50 moving average, and we anticipate further upside on the AUD/USD into the 0.77580 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.