Forex Signal For AUD/USD: As Momentum Decreases, It Is Likely To Be Withdrawn To 0,7440.
Forex Signal For AUD/USD: As Momentum Decreases, It Is Likely To Be Withdrawn To 0,7440.
The overall trend will continue to be controversial in the near future.
Bear Market Outlook
- Sell AUD/USD and profit for 0,7440.
- Add a stop-loss of 0,7525.
- Timeline: Between 1 and 2 days.
Forex Signal For AUD/USD: As Momentum Decreases, It Is Likely To Be Withdrawn To 0,7440.
Bull Market View
- Buy-stop at 0,7530 and profit at 0,7600.
- Add a stop-loss to 0,7460.
Ahead of the coming budget in Australia, the AUD/USD parity was close to its highest level since November 2nd of last year and traded at 0,7515, 7,8% above this year’s lowest level. It's been on the rise for the last four days.
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