Signal For AUD/USD: Bearish Breakout Likely Ahead of US CPI.
Signal For AUD/USD: Bearish Breakout Likely Ahead of US CPI.
The pair is likely to move lower after the latest US inflation data.
Bear Market Outlook
- Sell the AUD/USD pair and set a take profit at 0,7100.
- Add a stop-loss at 0,7260.
- Timetable: 1-2 days.
Signal For AUD/USD: Bearish Breakout Likely Ahead of US CPI.
Bull Market Outlook
- Set a buy-stop at 0,7220 and a take profit at 0,7300.
- Add a stop-loss at 0,7150.
The AUD/USD pair moved sideways on Wednesday as investors mirrored Fed's Jerome Powell's statement.
It's trading at 0,7190 and a few points above this week's low of 0,7150.
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