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GBP/AUD Signal - AUD Unemployment Rate - 14 Oct 2021

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Signal Details
Entry Price: 
1.8495
Take Profit: 
1.8380
Stop Loss: 
1.8570
Direction: 
Sell
How we trade
Average: 3 (2 votes)

GBPAUD is trending to the downside after the AUD Unemployment rate data, which was 4.6%, against the 4.8% consensus (positive surprise). Technically the pair is bouncing out of 50% fibo resistance and below the trendline. We anticipate continued downside into the 127% level.

Submitted by Toni H. on Thu, 14 Oct 2021 05:03:24 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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