Forex Signal For AUD/USD: Minimum Resistance Path Appears Lower.
Forex Signal For AUD/USD: Minimum Resistance Path Appears Lower.
AUD/USD seems to be in a restricted area after the Fed and the Reserve Bank of Australia (RBA) released their monetary policy decision.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6250.
- Add a stop-loss at 0,6497.
- Timeline: 1 day.
Forex Signal For AUD/USD: Minimum Resistance Path Appears Lower.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,6500.
- Add a stop-loss at 0,6280.
The AUD/USD price fell slightly in the overnight session as investors reacted to the Federal Reserve's statement and traded at 0,6350, the lowest level since October 25.
This price is a few pips below last week's high of 0,6520.
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