Forex Signal For AUD/USD: Movements Exceeding Key Resistance Level
Forex Signal For AUD/USD: Movements Exceeding Key Resistance Level
The
AUD/USD price rallied after Jerome Powell confirmed what most analysts were expecting.
Bull Market Outlook
- Buy the AUD/USD pair and take profit at 0,6900.
- Add a stop-loss at 0,6700.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Movements Exceeding Key Resistance Level
Bear Market Outlook
- Set a sell stop at 0,6750 and a take profit at 0,6650.
- Add a stop-loss at 0,6850.
The AUD/USD price rose in response to the latest Australian inflation data and weak Chinese manufacturing and services figures, following Jerome Powell's pigeon announcement during the US and Australian sessions.
The pair rose to 0,6780, the highest level since September 13.
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