Forex Signal For AUD/USD: A Small Rise To 0,6920 Most Likely.
Forex Signal For AUD/USD: A Small Rise To 0,6920 Most Likely.
AUD/USD had an important week last week after the Reserve Bank of Australia (RBA) announced its decision.
Bull Market View
- Buy the AUD/USD pair and take a profit at 0,6920.
- Add a stop-loss at 0,6800.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: A Small Rise To 0,6920 Most Likely.
Bear Market Outlook
- Set sell stop at 0,6820 and take profit at 0,6750.
- Add a stop-loss at 0,6910.
AUD/USD rebounded on Friday as the strong recovery in the US took some respite, with the pair rising to 0,6877, its highest point since August 31, and 2,66% above this month's low.
In the same period, the US dollar index, which tracks the US dollar against a basket of currencies, dropped from $110 to $108,30.
You may also be interested in: