Forex Signal For AUD/USD: Curve Indicates Uptrend on Chart
Forex Signal For AUD/USD: Curve Indicates Uptrend on Chart
The four-hour chart shows that the
AUD/USD pair is in an uptrend after dropping to 0,6160 last week.
Bull Market View
- Buy the AUD/USD pair and take a profit at 0,6640.
- Add a stop-loss at 0,6400.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Curve Indicates Uptrend on Chart
Bear Market View
- Set a sell stop at 0,6450 and a take profit at 0,6350.
- Add a stop-loss at 0,6550.
AUD/USD price has risen sharply over the past few days, reaching 0,6510, its highest level since October 6 of this year.
The Australian dollar rose more than 5% from its lowest level this year following the latest inflation data.
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