Forex Signal For AUD/USD: Australian Dollar Expected to Retest 0,6850 Before Rebound.
Forex Signal For AUD/USD: Australian Dollar Expected to Retest 0,6850 Before Rebound.
The pair will likely continue to decline to complete its upside-down pattern at 0,6850.
Bear Market Outlook
- Sell the AUD/USD pair and take profit at 0,6850.
- Add a stop-loss at 0,7000.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australian Dollar Expected to Retest 0,6850 Before Rebound.
Bull Market Outlook
- Set a buy stop at 0,6980 and a take profit at 0,7025.
- Add a stop-loss at 0,6900.
The AUD/USD price fell sharply after the Australian central bank's rate decision this month, dropping to 0.6910, its lowest level since July 25.
It remains about 3,70% above the low point in July.
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