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AUD/USD Signal - USD Continuing Jobless Claims - 19 Nov 2020

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Signal Details
Entry Price: 
0.7291
Take Profit: 
0.7166
Stop Loss: 
0.7335
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

AUDUSD has broken to the downside of the rising trendline. Price is trading below the short term Moving Averages (21, 50), however is currently testing the 100 & 200 moving averages for further downside. A break below the longer term moving averages could signal a significant sell off.
We are looking for downside into the 50% retracement of the bullish move, at 0.7166.

Submitted by Toni H. on Thu, 19 Nov 2020 02:40:08 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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