Forex Signal For AUD/USD: Australian Dollar Selling Overflows
Forex Signal For AUD/USD: Australian Dollar Selling Overflows
Although the outlook has been on the decline, the party may return as long as investors buy the decline.
Bull Market View
- Buy-stop at 0,7520, set profit to 0,7645.
- Add a stop-loss to 0,7450.
- Timeline: One or two days.
Forex Signal For AUD/USD: Australian Dollar Selling Overflows
Bear Market View
- Set the sales-stop to 0,7440 and the buyer-profit ratio to 0,7350.
- Add a stop-loss to 0,7600.
The
AUD/USD pair slide continued on Thursday morning as analysts boosted their forecasts for the Reserve Bank of Australia (RBA) to rise in June.
It is trading at 0,7477, lower than this week's high of 0,7660.