AUD/USD Forex Signal: Bearish Rules at New Close Period in Australia
AUD/USD Forex Signal: Bearish Rules at New Close Period in Australia
As this pattern is usually a sign of a downtrend, the pair will likely continue its downtrend.
Bear Market Outlook
- Sell AUD/USD to take a profit at 0,7460.
- Add a stop-loss at 0,7580.
- Timetable: 1-2 days.
AUD/USD Forex Signal: Bearish Rules at New Close Period in Australia
Bull Market Outlook
- Set a buy-stop at 0,7530 and a take profit at 0,7600.
- Add a stop-loss at 0,7480.
The
AUD/USD pair showed little change in early trading in light of US non-farm payrolls (NFP) and soon-to-be-announced Reserve Bank of Australia (RBA) interest rate decisions. The pair is trading at 0,7520, about 1% above last week's low.
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