Forex Signal For AUD/USD: Australia Shifts Focus to 0,7428
Forex Signal For AUD/USD: Australia Shifts Focus to 0,7428
The pair is likely to continue its uptrend as the bulls target key resistance at 0,7427.
Bull Market Outlook
- Buy AUD/USD and set to take a profit at 0,7428.
- Add a stop-loss at 0,7350.
- Timetable: 2 days.
Forex Signal For AUD/USD: Australia Shifts Focus to 0,7428
Bear Market Outlook
- Set to sell-stop at 0,7285 and take profit at 0,7200.
- Add a stop-loss at 0,7350.
The AUD/USD price tumbled after the US released weak consumer confidence data on Wednesday. The pair also reacted relatively modestly to the latest Australian GDP and Manufacturing PMI data. It trades at 0,7312 and sits just below the intraday high of 0,7340.
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