Forex Signal For AUD/USD: Consolidation Indicates More Weakness.
Forex Signal For AUD/USD: Consolidation Indicates More Weakness.
The pair will continue to decline after today as the Bear Market targets 0,7125 at the key support.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,7125.
- Add a stop-loss at 0,7300.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Consolidation Indicates More Weakness.
Bull Market Outlook
- Set a buy-stop at 0,7240 and a take profit at 0,7325.
- Add a stop-loss at 0,7150.
The AUD/USD pair edged lower on Monday and Tuesday morning as concerns over the Omicron variant lifted the US dollar, trading at 0,7210, about 1,45% below last week's high.
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