Forex Signal For AUD/USD: Road to 0,7000 Still Looks Solid.
Forex Signal For AUD/USD: Road to 0,7000 Still Looks Solid.
The pair will likely continue to decline as the strength of the US dollar continues.
Bear Market Outlook
- Set a sell-stop at 0,7110 and a take profit at 0,7000.
- Add a stop-loss at 0,7225.
- Timetable: 2 days.
Forex Signal For AUD/USD: Road to 0,7000 Still Looks Solid.
Bull Market Outlook
- Set a buy-stop at 0,7170 and a take profit at 0,7250.
- Add a stop-loss at 0,7100.
The
AUD/USD pair fell to its lowest level since February 22 even after strong Australian inflation data, with the Australian dollar pulling back to key support at 0,7100 as data showed consumer prices still continuing to rise.