Forex Signal For AUD/USD: Aussie Under Pressure as Fed and RBA Split Widens.
Forex Signal For AUD/USD: Aussie Under Pressure as Fed and RBA Split Widens.
The price of the pair has come under intense pressure over the past few days due to the divergence between the Fed and the RBA.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6200.
- Add a stop-loss at 0,6365.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Aussie Under Pressure as Fed and RBA Split Widens.
Bull Market Outlook
- Set a buy stop at 0,6335 and a take profit at 0,6435.
- Add a stop-loss at 0,6250.
The AUD/USD price has fallen over the past six days, trading at the lowest level since April 2020.
It's down more than 13% this year and 18% from this year's high. This decline came as the US dollar index soared to its highest level in more than 20 years.
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