Forex Signal For AUD/USD: Resistance Path Leads Down
Forex Signal For AUD/USD: Resistance Path Leads Down
The parity will probably continue to decline because the break and retest scheme failed.
Bear Market Outlook
- Sell AUD/USD pair and set up a margin on 0,7200
- Set stop-loss to 0,7350.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Resistance Path Leads Down
Bull Market Outlook
- A buy-stop at 0,7280 and profit at 0,7350.
- Add a stop-loss to 0,7200.
Amid ongoing concerns about the global economy, the two AUD/USD fall below a key support level, at 0,7262, the lowest level since March 2.
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