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AUD/USD Signal - USD Markit Services PMI - 23 Apr 2021

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Signal Details
Entry Price: 
0.7719
Take Profit: 
0.7785
Stop Loss: 
0.7672
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is finding upside today prior to the USD Markit Services PMI data, which measures business conditions in the services sector. Technically the pair is in a pennant bullish pattern, and the PPO has given a bullish cross signal. We anticipate upside to continue into the 0.7785 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.