Forex Signal For AUD/USD: Bearish Trend Has More Working Space.
Forex Signal For AUD/USD: Bearish Trend Has More Working Space.
The pair is likely to continue lower as the bears target the second support at 0,7130, which is about 0,90% below the current level.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,7130.
- Add a stop-loss at 0,7300.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bearish Trend Has More Working Space.
Bull Market Outlook
- Buy AUD/USD and take a profit at 0,7300.
- Add a stop-loss at 0,7200.
The AUD/USD pair is trading at 0,7200, about 4.8% below this month's high, falling to its lowest level since Sept. 30, mostly due to the strengthening US dollar.
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