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AUD/USD Signal - USD Redbook Index - 20 Jul 2021

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Signal Details
Entry Price: 
0.7340
Take Profit: 
0.7220
Stop Loss: 
0.7420
Direction: 
Sell
How we trade
Average: 5 (3 votes)

AUDUSD is trending to the downside to start the week, prior to the USD Redbook Index, which is a sales weighted growth indicator. Technically the pair has broken key monthly levels, lies below the moving average ribbon, and a resistance trendline lies above. We are looking for continued downside to 0.7220.

Submitted by Toni H. on Mon, 19 Jul 2021 23:09:50 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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