Sorry, you need to enable JavaScript to visit this website.

AUD/USD Pro Signal - USD FOMC Minutes - 6 Jan 2021

You are here

»
Signal Details
Entry Price: 
0.7747
Take Profit: 
0.7813
Stop Loss: 
0.7700
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is trending to the upside ahead of the FOMC Minutes release. FOMC stands for The Federal Open Market Committee , who organize 8 meetings each year and review economic and financial conditions, determine the appropriate stance of monetary policy and assess the risks to its long-run goals of price stability and sustainable economic growth. FOMC Minutes are published by the Board of Governors of the Federal Reserve and are a clear guide to the future US interest rate policy. Technically the pair is holding above the 0.7725 pivot and we anticipate further upside into the 0.7813 level at the 127% fibonacci level.

This trade is monitored thanks to TradeProofer.com. Signup today to see how good your forex broker really is!

Submitted by Toni H. on Wed, 06 Jan 2021 03:39:25 GMT

Live Broker Spreads

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.

Site Pages

Legal Pages

Social Corner

Trading tools