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AUD/USD Signal - USD Retail Sales - 16 Mar 2021

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Signal Details
Entry Price: 
0.7751
Take Profit: 
0.7880
Stop Loss: 
0.7702
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is holding above support prior to the USD retail sales data, which measures the total receipts of retail stores. Technically the pair is holding above support at 0.7720, and we anticipate upside going into the UK session today.

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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.