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ToniSignals
Aug 17, 2021 5:58 AM

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

Australian Dollar/U.S. DollarFXCM

Description

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.

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