Forex Signal For AUD/USD: Short Rebound Expected As Pressure On RBA Increases.
Forex Signal For AUD/USD: Short Rebound Expected As Pressure On RBA Increases.
A sharp decline is likely to recover in the coming days.
Bull Market Outlook
- Buy AUD/USD and profit at 0,7495
- Add a stop-loss to 0,7390
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Short Rebound Expected As Pressure On RBA Increases.
Bear Market Outlook
- Point of sale at 0,7400 and profit at 0,7300.
- Add a stop-loss at 0,7500.
The AUD/USD pair is trading at 0,7440, a few points above this week's low of 0,7395, as it attempts to recover from the surprise rate decisions of the Reserve Bank of New Zealand (RBNZ) and the Bank of Canada (BOC).
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