Forex Signal For AUD/USD: Cautious Optimism for a Rebound
Forex Signal For AUD/USD: Cautious Optimism for a Rebound
The pair is likely to rebound on Monday as investors buy the dip.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,7200.
- Add a stop-loss at 0,7080.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Cautious Optimism for a Rebound
Bear Market Outlook
- Set a sell-stop at 0,7115 and a take profit at 0,7050.
- Add a stop-loss at 0,7200.
The AUD/USD pair declined slightly as investors continued to fret over the ongoing crisis in Ukraine and rising global inflation, trading at 0,7130, roughly 1,65% below last week's high.
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