Forex Signal For AUD/USD: Double Tops Drop to 0,6586
Forex Signal For AUD/USD: Double Tops Drop to 0,6586
The AUD/USD price fell as investors focused on the ongoing protests in China, while residents in key cities such as Beijing and Shanghai carried out the largest acts of civil disobedience in decades.
Bear Market Outlook
- Sell AUD/USD and take profit at 0,6585.
- Add a stop-loss at 0,6783.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Double Tops Drop to 0,6586
Bull Market Outlook
- Set a buy stop at 0,6715 and a take profit at 0,6800.
- Add a stop-loss at 0,6615.
The US dollar rebounded to 0,6680, a few pips below last week's high of 0,6783, as the AUD/USD price pulled back after relatively weak Australian retail sales figures and China experienced Covid-zero protests.
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