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AUD/USD Signal - USD CPI Data - 10 Dec 2020

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Signal Details
Entry Price: 
0.7460
Take Profit: 
0.7502
Stop Loss: 
0.7422
Direction: 
Buy
Result: 
Profit
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the upside today prior to the USD CPI Data. The consumer price index measures the price change between a representative basket of goods and services and is an important economic indicator. Technically the pair is above the 50 moving average and we anticipate continued upside into the 0.7502 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.