Forex Signal For AUD/USD: High Probability of Drop to 0,700 with Focus on RBA.
Forex Signal For AUD/USD: High Probability of Drop to 0,700 with Focus on RBA.
The pair will likely continue to decline as the Bear Market targets key support at 0,7000.
Bear Market Outlook
- Sell the AUD/USD pair and set a take profit at 0,7000.
- Add a stop-loss at 0,7150.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: High Probability of Drop to 0,700 with Focus on RBA.
Bull Market Outlook
- Set a buy-stop at 0,7100 and a take profit at 0,7200.
- Add a stop-loss at 0,7000.
The AUD/USD pair is trading at 0,7088, about 6.35% below its 2021 high, and fell to its lowest level since December 2021 following the Fed’s rate decision.
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