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AUD/USD Signal - USD Consumer Price Index - 13 Jan 2021

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Signal Details
Entry Price: 
0.7768
Take Profit: 
0.7815
Stop Loss: 
0.7710
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUD/USD is trending to the upside today prior to the USD Consumer Price Index Data. The CPI Data measures price movements by the comparison between the retail prices of a representative shopping basket of goods and services. Technically the pair is trading above the moving averages, and we anticipate further upside into the 0.7815 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.