Forex Signal For AUD/USD: Australian Dollar Continues to Struggle as DXY Index Rebounds.
Forex Signal For AUD/USD: Australian Dollar Continues to Struggle as DXY Index Rebounds.
The
AUD/USD price continued the downward trend that started on November 15 as the dollar index rose.
Bear Market Outlook
- Sell AUD/USD and take profit at 0,6540.
- Add a stop-loss at 0,6700.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australian Dollar Continues to Struggle as DXY Index Rebounds.
Bull Market Outlook
- Set a buy stop at 0,6631 and a take profit at 0,6700.
- Add a stop-loss at 0,6550.
The AUD/USD pair pulled back the recovery in the US dollar, while the US dollar index rose nearly 1% to 0.6600, its lowest level since November 11th.
It's back almost 3% from this month's high.
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