Forex Signal For AUD/USD: A Likely Bounce To 0,7230
Forex Signal For AUD/USD: A Likely Bounce To 0,7230
The pair is likely to continue higher as the bulls target the 23,6% Fibonacci retracement level at 0,7182 and then 38,2% at 0,7230.
Bull Market Outlook
- Buy AUD/USD and set to add a profit at 0,7230.
- Add a stop-loss at 0,7100.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: A Likely Bounce To 0,7230
Bear Market Outlook
- Set a sell-stop at 0,7100 and a take profit at 0,7000.
- Add a stop-loss at 0,7200.
The AUD/USD price rebounded as the US dollar pulled back for the first time in six days. The pair rallied to a significantly higher 0,7160 from last week's low of 0,7100.
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