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GBP/AUD Signal - AUD Inflation Expectations - 11 Nov 2020

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Signal Details
Entry Price: 
1.8190
Take Profit: 
1.7598
Stop Loss: 
1.8304
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

GBPAUD is trending to the downside as talks of lockdown are present in the UK. AUD inflation expectations data also looms on the near horizon. Technically the pair is trading below the 200 moving average and trendline. We anticipate further downside.

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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.