Our free forex signals service today looks at the AUD/USD and we have the entry, stop and take profits levels for you. The Reserve Bank of Australia has decided to maintain its 0.10 cash rate target as of today. So what triggered the 40-pip jump in AUD/USD after the meeting? In light of the announcement that the RBA would reduce the number of weekly purchases of assets to 4 billion AUD, traders saw an opportunity. Purchases are currently at 5 billion Australian dollars per week. The story does not end here, however. Due to concerns about the COVID delta variant, Australia has been on lockdown since July. In turn, Australia’s bonds continued falling, halting the local economic growth. –Are you interested to learn more about forex signals? Check our detailed guide- Additionally, many investors speculated that the RBA would not reduce the weekly asset purchase. As a result, the RBA continued to cut the weekly purchases to billion dollars until September. Thus, from there, the pair rose to their new high. CDC (Centers for Disease Control) defines the Delta variant as a more severe threat, so AUD/USD bulls may slow their pace. Furthermore, disappointing PMIs from the US and China and tough rental market data may dissuade bulls. The direction of DXY is important to note. It is hovering around 92 points, which is neutral. However, the S&P 500 gained 0.18% at the start of the week, which is a good sign for the DXY. Get FREE Forex Signals Now! AUD/USD traders will monitor triggering factors for a new surge in the new policy announcement following the initial reaction to it. It is unclear how the future will pan out, however. Covid has forced China to put millions on lockdown due to its increasing number of cases. AUD/USD free forex signals AUD/USD 4-hour price chart Instrument: AUD/USD Order: BUY STOP Entry price: 0.7419 Stop Loss: 0.7326 TP1: 0.7541 Recommended Risk: 1% Risk / Reward Ratio: 1:3 Signal validity period: Good until cancelled Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next Cardano Price Prediction: Ready for Sell Stop at $1.2545? Ali B. 9 months Our free forex signals service today looks at the AUD/USD and we have the entry, stop and take profits levels for you. The Reserve Bank of Australia has decided to maintain its 0.10 cash rate target as of today. So what triggered the 40-pip jump in AUD/USD after the meeting? In light of the announcement that the RBA would reduce the number of weekly purchases of assets to 4 billion AUD, traders saw an opportunity. Purchases are currently at 5 billion Australian dollars per week. The story does not end here, however. Due to concerns about the COVID delta variant,… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
