AUDUSD Trade Idea (17th December 2019)
Currency Pair: AUD / USD
Timeframe: H1
Date/Time of Signal: 17th December 2019 / 2215hrs (SGT)
Review:
Today’s (17th December 2019) Minutes of December RBA meeting suggest that the central bank is still on track to further easing next year. The minutes mentioned that the central bank would now monitor the economics and reassess if necessary in February. It stuck to old messages of reassurance that more stimulus could be added if needed, which struck a downbeat note.
AUD/USD has been on a downward trend and broken the support level of 0.6875.
Trade signaled to SELL AUD/USD (Entry: 0.6842) with 3 Take Profit (TP) Targets (TP1: 0.6822, TP2: 0.6802, TP3: 0.6782) and Stop Loss (SL) at 0.6872.
Timeframe: H1
Date/Time of Signal: 17th December 2019 / 2215hrs (SGT)
Review:
Today’s (17th December 2019) Minutes of December RBA meeting suggest that the central bank is still on track to further easing next year. The minutes mentioned that the central bank would now monitor the economics and reassess if necessary in February. It stuck to old messages of reassurance that more stimulus could be added if needed, which struck a downbeat note.
AUD/USD has been on a downward trend and broken the support level of 0.6875.
Trade signaled to SELL AUD/USD (Entry: 0.6842) with 3 Take Profit (TP) Targets (TP1: 0.6822, TP2: 0.6802, TP3: 0.6782) and Stop Loss (SL) at 0.6872.
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