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AUD/USD Signal - USD Redbook Index - 31 Aug 2021

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Signal Details
Entry Price: 
0.7297
Take Profit: 
0.7360
Stop Loss: 
0.72550
Direction: 
Buy
How we trade
Average: 5 (2 votes)

AUDUSD is trending to the upside today prior to the USD Redbook Index, which is a sales weighted year over year index of over 9000+ stores. Technically the pair is holding above the moving average ribbon and the support trendline, and we anticipate continued upside.

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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.