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AUD/USD Signal - USD Unemployment Rate (June) - 2 Jul 2020

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How we trade
Average: 5 (2 votes)

AUD/USD is trending to the upside prior to USD unemployment data today. Currently trading around 0.6916 we anticipate continued AUD strength as traders anticipate the unemployment data release. Price is trading above the 0.690 pivot and the 1hr 50ema, indicating the bullish pressure on the pair. We anticipate further upside on AUDUSD into the 0.6960 level.

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.