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

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Signal Details
Entry Price: 
0.7491
Take Profit: 
0.7445
Stop Loss: 
0.7535
Direction: 
Sell
How we trade
Average: 5 (2 votes)

AUDUSD is trending to the downside today prior to the US CPI data, which measures the change in price across a representative basket of goods and services. The CPI data is used to measure inflation, which has been a concern for the Federal Reserve of late. Technically the AUDUSD has rebounded to the downside and we anticipate a continued downside move into the 0.7445 level.

Submitted by Toni H. on Tue, 13 Jul 2021 04:12:16 GMT

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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.

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