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GBP/AUD Signal - AUD Capital Exposure - 27 May 2021

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Signal Details
Entry Price: 
1.8239
Take Profit: 
1.8100
Stop Loss: 
1.8320
Direction: 
Sell
How we trade
Average: 5 (1 vote)

GBPAUD is trending to the downside following the trendline break after the AUD Capital exposure data come out surprisingly positive. Technically the pair has broken the trendline and support zone, and is now cycling to the downside. We anticipate downside into the key 1.8100 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.