Forex Signal For AUD/USD: Probable Uptrend to 0,7200
Forex Signal For AUD/USD: Probable Uptrend to 0,7200
The pair will likely continue to rise as the bull market targets the key resistance level at 0,7200.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,7200.
- Add a stop-loss at 0,7030.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Probable Uptrend to 0,7200
Bear Market Outlook
- Set a sell-stop at 0,7060 and a take profit at 0,6950.
- Add a stop-loss at 0,7125.
The AUD/USD pair has been doing relatively well since May 16 as investors react to the latest Albanese win and retreating dollar, trading at 0,7100, above the monthly low of 0,6823.
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