Forex Signal AUD/USD: Aussie Remains Under Pressure.
Forex Signal AUD/USD: Aussie Remains Under Pressure.
The pair will likely continue to decline as the Bear Market targets the second support at 0,7195.
Bear Market Outlook
- Sell AUD/USD and set profit at 0,7195.
- Add a stop-loss at 0,7340.
- Timetable: 1-2 days.
Forex Signal AUD/USD: Aussie Remains Under Pressure.
Bull Market Outlook
- Set a buy-stop at 0,7315 and a take profit at 0,7400.
- Add a stop-loss at 0,7250.
The AUD/USD pair slumped to its lowest level since Oct 7, also at 0,7261, the initial support of the standard pivot point, as investors mirrored the rising US dollar and the relatively dovish Reserve Bank of Australia (RBA).
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