Forex Signal For AUD/USD: Status of the Bear Market Prejudices Before the RBA Decision
Forex Signal For AUD/USD: Status of the Bear Market Prejudices Before the RBA Decision
Outlook of the parity is neutral at this stage.
Bear Market View
- Sell AUD/USD and profit at 0,7445.
- Add a stop-loss to 0,7540.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Status of the Bear Market Prejudices Before the RBA Decision
Bull Market View
- A buy-stop at 0,7520 and profit at 0,7600.
- Add a stop-loss to 0,7450.
The AUD/USD couple is trading at 0,7500 over the past few days, horizontal on Monday morning, as investors are refocusing on the Australian Central Bank's (RBA) upcoming interest rate decision.
This is about 7,7% above the lowest year-to-date figure.
You may also be interested in: