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AUD/USD Signal - Commonwealth Bank Services PMI - 5 Jan 2021

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Signal Details
Entry Price: 
0.7675
Take Profit: 
0.7640
Stop Loss: 
0.7720
Direction: 
Sell
How we trade
Average: 5 (2 votes)

AUDUSD is experiencing downside today prior to the Commonwealth Banks Services PMI (AUD). The data is an indicator of the economic situation in the Australian services sector. It captures an overview of the condition of sales and employment. Technically the pair has broken below the 0.770 pivot, opening the downside on the pair. We anticipate downside into the 0.7640 pivot.

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Submitted by Toni H. on Tue, 05 Jan 2021 01:58:12 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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