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Forex Signal For AUD/USD: In Favorable Environment for a Downward Breakout to 0,6200

Forex Signal For AUD/USD: In Favorable Environment for a Downward Breakout to 0,6200 Forex Signal For AUD/USD: In Favorable Environment

Forex Signal For AUD/USD: In Favorable Environment for a Downward Breakout to 0,6200
Yazar: Ross Sutton

Yayınlanma: 25 Ekim 2022 17:44

Güncellenme: 25 Kasım 2024 15:34

Forex Signal For AUD/USD: In Favorable Environment for a Downward Breakout to 0,6200

    Forex Signal For AUD/USD: In Favorable Environment for a Downward Breakout to 0,6200   The Australian dollar remains under pressure as the market awaits the Labor government's first budget.  

Bear Market Outlook

 
  • Sell ​​the AUD/USD pair and take a profit at 0,6200.
  • Add a stop-loss at 0,6365.
  • Timeline: 1 day.
 

Forex Signal For AUD/USD: In Favorable Environment for a Downward Breakout to 0,6200

 

Bull Market Outlook

 
  • Set a buy stop at 0,6325 and a take profit at 0,6450.
  • Add a stop-loss at 0,6250.
  The AUD/USD price fell slightly ahead of the upcoming government budget following Xi Jinping's new appointment, while it fell to 0,6297, just below last week's high of 0,6400.   audusd_25102022_cryspus    

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