Forex Signal For AUD/USD: The Bears Are Now Standing In The Driver'S Seat.
Forex Signal For AUD/USD: The Bears Are Now Standing In The Driver'S Seat.
As bears target the next key level of support, ahead of the US inflation data, at 0,7400, the parity will likely continue to decline.
Bear Market View
- Sell the AUD/USD pair and earn 0,7400 base points.
- Add a stop-loss to 0,7520.
- Timeline: One or two days.
Forex Signal For AUD/USD: The Bears Are Now Standing In The Driver'S Seat.
Bull Market View
- Stop-a-buy at 0,7475, take profit at 0,7550.
- Add a stop-loss from 0,7400.
The AUD/USD duo has lost momentum with the merger of the Australian Central Bank (RBA) and the Central Bank, while the couple plunged by more than 2,6% last week, after a starting level of 0,7661.
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