Forex Signal For AUD/USD: Long Term Downtrend Continues
Forex Signal For AUD/USD: Long Term Downtrend Continues
The pair will likely pull back as traders target the key support at 0,6850.
Bear Market View
- Sell the AUD/USD and set profit at 0,6850.
- Add a stop loss to 0,7050.
- Timeline: 1-3 days.
Forex Signal For AUD/USD: Long Term Downtrend Continues
Bull Market Look
- Set a buy stop at 0,7015 and take a profit at 0,710.
- Add a loss stop at 0,6900.
The AUD/USD pair retraces some of its Monday morning losses amid weak economic data from China, rising to 0,7011, just above last week's low of 0,6832.
Approaching the lowest level in July 2020.
You may also be interested in: