Forex Signal AUD/USD: Sell to Gain Speed.
Forex Signal AUD/USD: Sell to Gain Speed.
The pair will likely continue to decline as the bears target the next key support level at 0,7350.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,7350.
- Add a stop-loss at 0,7500.
- Timetable: 1-2 days.
Forex Signal AUD/USD: Sell to Gain Speed.
Bull Market Outlook
- Set a buy-stop at 0,7463 and a take profit at 0,7550.
- Add a stop-loss at 0,7350.
AUD/USD fell to its lowest level since October 19 after the Reserve Bank of Australia (RBA)'s relatively hawkish rate decision, while the pair is trading at 0,7430, which is about 1,70% below the October high.
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