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AUD/USD Signal - USD Consumer Confidence - 25 Aug 2020

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Signal Details
Entry Price: 
0.7176
Take Profit: 
0.7135
Stop Loss: 
0.7200
Direction: 
Sell
How we trade
Average: 5 (1 vote)

AUD/USD is trading sideways today prior to USD Consumer Confidence data. Consumer Confidence is a measure of individuals confidence in current economic activity in the US. Technically the pair is trading below the 200SMA, and the 0.7180 pivot. We anticipate downside into 0.7135

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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.