Forex Signal For AUD/USD: Aussie at Risk of Further Selling.
Bull Market Outlook
Set a buy-stop at 0,7200 and a take profit at 0,7300.
Add a stop-loss at 0,7100.
The AUD/USD pair slumped to its lowest level since January 11 after weak Australian consumer confidence data and pulled back as the US dollar made a strong comeback as bond yields surged.
It is trading at 0,7180, which is about 2% below last week's high.