Forex Signal AUD/USD: Buyers in Control for Now
Forex Signal AUD/USD: Buyers in Control for Now
The pair will likely continue to rise as the bulls aim the next key resistance level at 0,7350, which is just above the initial resistance.
Bull Market Outlook
- Buy AUD/USD and take a profit at 0,7390 (23.6% retracement).
- Add a stop-loss at 0,7250.
- Timetable: 1-2 days.
AUD/USD Forex Signal: Buyers in Control for Now
Bear Market Outlook
- Set a sell-stop at 0,7250 and a take profit at 0,7150.
- Add a stop-loss at 0,7350.
The AUD/USD pair rallied in the night session as investors reacted to rising bond yields and the RBA's rate decision as the pair rose from 0,7170 to 0,7300 from last week's low.
You may also be intersted in: