Forex Signal For AUD/USD: Double Good Spot For More Weakness.
Forex Signal For AUD/USD: Double Good Spot For More Weakness.
The pair will likely continue to decline as traders await the upcoming FOMC decision.
Bear Market Outlook
- Set a sell-stop at 0,7100 and a take profit at 0,7020.
- Add a stop-loss at 0,7180.
- Timetable: 1 day.
Forex Signal For AUD/USD: Double Good Spot For More Weakness.
Bull Market Outlook
- Set a buy-stop at 0,7150 and a take profit at 0,7250.
- Add a stop-loss at 0,7100.
The
AUD/USD pair traded at 0,7120 on Tuesday morning and traded just below last Friday's high of 0,7190 as it remains focused on rising US inflation and the upcoming Federal Reserve rate decision.
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