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

AUD/USD Signal - Retail Sales Data - 11 Jan 2021

You are here

»
Signal Details
Entry Price: 
0.77034
Take Profit: 
0.76500
Stop Loss: 
0.77700
Direction: 
Sell
How we trade
Average: 5 (2 votes)

AUD/USD is trading to the downside today after the Retail Sales data. The data released by the Australian Bureau of Statistics is a survey of goods sold by retailers is based on a sampling of retail stores of different types and sizes and it''s considered as an indicator of the pace of the Australian economy. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the AUD/USD into the 0.76500 level.

Submitted by Toni H. on Mon, 11 Jan 2021 02:47:39 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