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EUR/AUD Signal - AUD RBA Rate Decision - 7 Sep 2021

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Signal Details
Entry Price: 
1.5944
Take Profit: 
1.6180
Stop Loss: 
1.5840
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURAUD has traded into a key pivot as support prior to the RBA rate decision, which will decide the RBA's interest rate going forward. Technically the pair is at a key support zone and the RSI is giving bullish divergence. The EURAUD has pulled back following a multi week bull market, and we anticipate the RBA rate decision to be the catalyst for a continuation in the bull market.

Submitted by Toni H. on Tue, 07 Sep 2021 01:48:11 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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