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AUD/USD Signal - USD Gross Domestic Product - 30 Jul 2020

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Signal Details
Entry Price: 
0.7173
Take Profit: 
0.722
Stop Loss: 
0.7145
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the upside prior to the USD GDP data release. GDP data provides a measure of all goods and services produce locally. We anticipate further upside on this pair, into the 0.7220 level. Technically AUDUSD is trading above the 0.7173 pivot and the 1h 50EMA.

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.