Forex Signal For AUD/USD: Cracks Forming Below Key Support In Australian Dollar
Forex Signal For AUD/USD: Cracks Forming Below Key Support In Australian Dollar
The Bear Market targets the next core support level at 0,7300, so it can continue down to parity.
Bear Market View
- Sell AUD/USD and earn a 0,7300 base point profit.
- Add a stop-loss to 0,7460.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Cracks Forming Below Key Support In Australian Dollar
Bull Market View
- A stop-buy on 0,7420 and profit on 0,7500.
- Add a stop-loss to 0,7560.
The AUD/USD pair fell to 0,7395, roughly 3,50% below this month's high, as the US dollar continued to rise and volume fell.
This price is close to its lowest level since March 22.
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