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AUD/USD Signal - USD Interest Rate Decision - 28 Apr 2021

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Signal Details
Entry Price: 
0.7745
Take Profit: 
0.7800
Stop Loss: 
0.7700
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD has reached a key support prior to the USD Rate decision and rate statement. Previously the fed has been suprisingly dovish in their statements, which if the Fed follows with this trend we will likely see USD weakness. Technically the AUDUSD is at a key support and the PPO is trading at overextended levels. We anticipate upside into the 0.7800 figure.

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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.