Forex Signal For AUD/USD: Aussie Sales Continue Without Pace.
Forex Signal For AUD/USD: Aussie Sales Continue Without Pace.
The pair is likely to continue bearish as sellers target key support at 0,6640, the third support of the standard pivot point.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6645.
- Add a stop-loss at 0,6825.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Aussie Sales Continue Without Pace.
Bull Market Outlook
- Set a buy stop at 0,6790 and a take profit at 0,6840.
- Add a stop-loss at 0,6700.
The AUD/USD pair fell to its lowest level since June 2020 as the US dollar continued to strengthen, while the Australian dollar slid to a two-year low of 0,6727, roughly 12% below June's high this year.
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