You may also be interested in:Forex Signal For AUD/USD: Specs Show Further Downsides for the Aussie
Forex Signal For AUD/USD: Specs Show Further Downsides for the Aussie
AUD/USD is also expected to react to the latest building permits and housing start data.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6170.
- Add a stop-loss at 0,6370.
- Timeline: 1 day.
Forex Signal For AUD/USD: Specs Show Further Downsides for the Aussie
Bull Market Outlook
- Set a buy stop at 0,6365 and a take profit at 0,6750.
- Add a stop-loss at 0,6250.
After the Reserve Bank of Australia (RBA) published the last minutes, the AUD/USD price remained in a tight range and in the consolidation phase.
It traded at 0,6293 where it has been for the past few days.
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