AUD/USD

Special Reports - 25/08/2021

25 August, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

AUD/USD Weekly downtrend opportunity based on 1.00 Lot Calculation:

EVENT: Friday, August 27, 02:30 AM GMT+1 – Australia Retail Sales for July. Retail sales are expected to drop 2.3%, indicating a worsened mood of Australia’s consumers, which is negative for the Aussie.
EVENT: Friday, August 27, 03:00 PM GMT+1 – Friday: Speech by Fed Chair Jerome Powell at the Jackson Hole symposium, to be held on-line. Market participants will want to hear more on Fed’s plans about its $120 billion per month bond-buying program. Speculations that the Fed could (not) still begin rolling back its pandemic-era stimulus in 2021 extended some additional support to the greenback;
Nearly sixty percent of Australia’s population is in some kind of lockdown, while the numbers of Covid-19 infection is in the uptrend and came today close to 1000 cases.
The AUD/USD is in the long-term downtrend that may continue.

AUD/USD, August 25, 2021
Current Price: 0.7259

AUD/USD	Weekly
Trend Direction	DOWN
Resistance 3	0.7359
Resistance 2	0.7339
Resistance 1	0.7319
Support 1	0.7199
Support 2	0.7179
Support 3	0.7159

Example of calculation based on weekly trend direction for 1.00 Lot*

Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss Short in $	-1,000	-800	-600	600	800	1,000
Profit or loss Short in €**	-851	-681	-511	511	681	851
Profit or loss Short in £**	-728	-582	-437	437	582	728
Profit or loss Short in C$**	-1,261	-1,009	-756	756	1,009	1,261

* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 09:30 am (GMT+1) 25/8/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details

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