Forex Signal For AUD/USD: A Major Bearish Break Looks Likely While Consolidating.
Forex Signal For AUD/USD: A Major Bearish Break Looks Likely While Consolidating.
The
AUD/USD price is also responding moderately to the strong economic figures released by the US.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6400.
- Add a stop-loss at 0,6600.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: A Major Bearish Break Looks Likely While Consolidating.
Bull Market Outlook
- Set a buy stop at 0,6550 and a take profit at 0,6650.
- Add a stop-loss at 0,6450.
AUD/USD price continued to consolidate on Thursday as focus shifted to the upcoming US non farm payrolls (NFP) data and traded at 0,6500, just above this week's low of 0,6421.
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