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AUD/USD Signal - Westpac Consumer Confidence - 19 Jan 2021

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Signal Details
Entry Price: 
0.77126
Take Profit: 
0.77482
Stop Loss: 
0.76770
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUD/USD is trading to the upside today prior to the Westpac Consumer Confidence. The Westpac Consumer Confidence released by the Faculty of Economics and Commerce Melbourne Institute captures the level of sentiment that individuals have in economic activity reflecting respondents' evaluations of their family finances over the past and coming year, expectations about the one-year and five-year economic conditions and views about current buying conditions for major household items. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the AUD/USD into the 0.77482 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.