Forex Signal For AUD/USD: Double Tops Indicate More Downside.
Forex Signal For AUD/USD: Double Tops Indicate More Downside.
The
AUD/USD pair fell as investors pondered the results of the American midterm elections and Republicans managed to make a small gain in the House of Representatives.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6350.
- Add a stop-loss at 0,6500.
- Timetable: 2 days.
Forex Signal For AUD/USD: Double Tops Indicate More Downside.
Bull Market Outlook
- Set a buy stop at 0.6460 and a take profit at 0.6525.
- Add a stop-loss at 0.6350.
The AUD/USD price slumped slightly ahead of upcoming US inflation data and fell to 0,6427 as investors ponder the results of this week's midterm elections in the US.
That price stays just below this week's high of 0,6555.
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