Forex Signal For AUD/USD: Downtrend Will Continue Ahead of Powell Speech.
Forex Signal For AUD/USD: Downtrend Will Continue Ahead of Powell Speech.
The
AUD/USD pair has been in the spotlight this week as investors focus on key Australian data and the Reserve Bank of Australia (RBA) interest rate decision.
Bear Market View
- Take a sell stop at 0,6740 and a profit at 0,6650.
- Add a stop-loss at 0,6850.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Downtrend Will Continue Ahead of Powell Speech.
Bull Market Outlook
- Set a buy stop at 0,6800 and a take profit at 0,6900.
- Add a stop-loss at 0,6700.
The AUD/USD currency pair rallied slightly in the overnight session despite a more hawkish Federal Reserve report, and the pair dropped to 0,6771, just above this week's low of 0,6700.
You may also be interested in: