Forex Signal For AUD/USD: Aussie Declines More Amid U.S. Bond Sales.
Forex Signal For AUD/USD: Aussie Declines More Amid U.S. Bond Sales.
The resistance level is expected to be lower as sellers are targeting the 50% Fibonacci retracement level at 0,7315.
Bear Market View
- Sell AUD/USD and take profit for 0,7300.
- Add a stop-loss at 0,7425.
- Timeline: 1 day
Forex Signal For AUD/USD: Aussie Declines More Amid U.S. Bond Sales.
Bull Market Outlook
- Add buy point at 0,7400 and take profit point at 0,7500.
- Add a stop-loss at 0,7425.
The AUD/USD pair slumped to its lowest level since March 17th as investors reacted to the latest economic data from China and fell to 0,7352, about 4% below this month's high.
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