Forex Signal For AUD/USD: Bear Market Domination Brings More Selling Possibility.
Forex Signal For AUD/USD: Bear Market Domination Brings More Selling Possibility.
The pair is likely to continue lower this week as the bears target support at 0,7100.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,7100.
- Add a stop-loss at 0,7250.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bear Market Domination Brings More Selling Possibility.
Bull Market Outlook
- Set a buy-stop at 0,7200 and a take profit at 0,7300.
- Add a stop-loss at 0,7100.
The AUD/USD pair crossed a key support level and fell to 0,7175, the lowest since Jan. 18, as investors took a risk-averse approach ahead of the upcoming Australian consumer inflation data.
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