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AUD/USD Signal - USD Retail Sales Data - 17 Aug 2021

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Signal Details
Entry Price: 
0.7310
Take Profit: 
0.7360
Stop Loss: 
0.7270
Direction: 
Buy
How we trade
Average: 5 (1 vote)

AUDUSD is at support today prior to the USD Retail Sales Data, which measures the total receipts for retail stores domestically. Technically the pair is in a descending wedge pattern which typically is a bullish indication, and the RSI is also indicating upside. We anticipate upside into the 0.7360 level.

Submitted by Toni H. on Tue, 17 Aug 2021 05:55:54 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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