Today, our free forex signals service trade is a sell order in AUD/USD. If the USD resumes its rally after a minor correction, the price will decrease. The AUD/USD pair moves sideways in the short term. The pair was trading near 0.7022 at the time of writing. Technically, the price rebounded as the Dollar Index was in a corrective phase. Still, the leg higher could be temporary. –Are you interested in learning more about South African forex brokers? Check our detailed guide- The pair may test the immediate resistance levels before coming back down. The DXY found support, so a new bullish momentum could force the greenback to appreciate versus its rivals. Yesterday, the US economic data came in mixed. The Core Retail Sales, Industrial Production, and the Capacity Utilization Rate reported better than expected data, while the Retail Sales indicator and the Business Inventories came in worse than expected. Today, the Australian Wage Price Index rose by 0.7%, less than the 0.8% growth expected, while the MI Leading Index reported a 0.2% drop. US Housing Starts 1.75M expected Later, the US data could bring more action. For example, housing Starts could drop from 1.79M to 1.75M, while the Building Permits could be reported at 1.81M below 1.87M in the previous reporting period. From the technical point of view, a new lower low, a valid breakdown below 0.6996, could activate more declines. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell AUD/USD at 0.6985 Free forex signals entry price and take-profit Instrument: AUD/USD Order Type: SELL STOP Entry price: 0.6985 Stop Loss: 0.7058 TP1: 0.6839 My Risk: 1% Risk / Reward Ratio: 1:2 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% 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 Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next USD/JPY Price Struggling Despite Gain Above 129.00 amid Firm USD Saqib Iqbal 7 months Today, our free forex signals service trade is a sell order in AUD/USD. If the USD resumes its rally after a minor correction, the price will decrease. The AUD/USD pair moves sideways in the short term. The pair was trading near 0.7022 at the time of writing. Technically, the price rebounded as the Dollar Index was in a corrective phase. Still, the leg higher could be temporary. -Are you interested in learning more about South African forex brokers? Check our detailed guide- The pair may test the immediate resistance levels before coming back down. The DXY found support, so a… Regulated 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.
