Forex Signal For AUD/USD: Appears to Have More Space to Execute Aussie Sales.
Forex Signal For AUD/USD: Appears to Have More Space to Execute Aussie Sales.
The pair will likely continue to decline as long as sellers aim the next support at 0,6800, which is slightly below the 23.6% retracement level.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6800.
- Add a stop-loss at 0,6900.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Appears to Have More Space to Execute Aussie Sales.
Bull Market View
- Set a buy stop at 0.6900 and a take profit at 0.7000.
- Add a stop-loss at 0.6800.
The AUD/USD price fell to its lowest level since July 19 amid growing concerns over the Chinese economy, while the pair also fell as the US dollar made a spectacular comeback.
This month's high has dropped to 0.6868, which is lower than 0,7135.
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