Forex Signal For AUD/USD: Australia Expected to Retest 0,7555 Before RBA.
Forex Signal For AUD/USD: Australia Expected to Retest 0,7555 Before RBA.
There is a very strong possibility that the pair will continue to rise as the bulls target the upper side of the channel at 0,7555.
Bull Market Outlook
- Buy AUD/USD and take a profit at 0,7555.
- Add a stop-loss at 0,7480.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australia Expected to Retest 0,7555 Before RBA.
Bear Market Outlook
- Set a sell-stop at 0,7500 and a take profit at 0,7400.
- Add a stop-loss at 0,7600.
AUD/USD started the month calmly as investors reacted to relatively weak Chinese manufacturing data. The pair was also calm as the Reserve Bank of Australia (RBA) started its monthly meeting. It is trading at 0,7515, which is about 0,53% below last week's high.
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