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AUD/USD Signal - USD Personal Spending - 29 Jan 2021

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Signal Details
Entry Price: 
0.7643
Take Profit: 
0.7590
Stop Loss: 
0.7700
Direction: 
Sell
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the downside today prior to the USD personal spending data. The data measures purchases of goods and services by households and by nonprofit institutions that serve households from private business. Technically the major FX pair is below the moving averages and we anticipate downside into the 0.7590 level.

Submitted by Toni H. on Fri, 29 Jan 2021 05:32:04 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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