Forex Signal For AUD/USD: Australian Dollar to Retest 0,7300
Forex Signal For AUD/USD: Australian Dollar to Retest 0,7300
The pair is likely to continue its uptrend as it is stuck above the two MAs and remains in a tight range.
If this happens, the next key resistance will be at 0,7300.
Bull Market Outlook
- Set a buy stop at 0,7250 and a take profit at 0,7300.
- Add a stop-loss at 0,7200.
- Timetable: 1 day.
Forex Signal For AUD/USD: Australian Dollar to Retest 0,7300
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,7100.
- Add a stop-loss at 0,7280.
The
Australian dollar/ USD pair continues after the Reserve Bank of Australia (RBA) surprise rate hike and is trading at 0,7220, which is close to the monthly high of 0,7287.
It rose more than 5,66% from its lowest point in May.
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