AUD/NZD Signal - RBA Governor Lowe Speech - 5 Feb 2021

Signal Details

Entry Price:

1.0617

Take Profit:

1.0550

Stop Loss:

1.0677

Direction:

Sell

How we trade

AUDNZD is cycling in a downtrend and has made a retracement prior to the AUD RBA Lowe Speech, which will give insight into the RBA's economic outlook. Techically the pair has the trendline & 61% fibonacci as resistance. the moving averages are currently in a bearish cross, a bearish signal. We anticipate downside into the 1.0550 level.

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Submitted by Toni H. on Thu, 04 Feb 2021 21:58:53 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.

AUD/NZD Signal - RBA Governor Lowe Speech - 5 Feb 2021

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