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AUD/USD Signal - USD 3 Month Bill Auction - 15 Aug 2021

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Signal Details
Entry Price: 
0.7344
Take Profit: 
0.7380
Stop Loss: 
0.7315
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is bouncing from the support prior to the USD 3 Month bill auction, which reveals the yield on the bill. Technically the pair is at structure support as well as trendline support, and the RSI is showing bullish signs. We anticipate continued upside into the 0.7380 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.