Forex Signal For AUD/USD: Upside Down Pattern Indicates More Upside
Forex Signal For AUD/USD: Upside Down Pattern Indicates More Upside
A small recovery is observed as the Australian dollar remains focused on the ongoing US dollar pullback.
Bull Market Outlook
- Buy AUD/USD and make a profit at 0,7000.
- Add a stop-loss at 0,600.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Upside Down Pattern Indicates More Upside
Bear Market Outlook
- Take a sell stop at 0.6850 and a profit at 0.6750.
- Add a stop-loss at 0.7000.
AUD/USD price moved higher with continued US dollar selling on Tuesday morning as the pair climbed to 0,6900, its highest point since August 31.
This price action coincided with the general decline of most developed country currencies.
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