Forex Signal For AUD/USD: Australian Dollar Expected to Drop Below 0,700.
Forex Signal For AUD/USD: Australian Dollar Expected to Drop Below 0,700.
The pair will likely continue to decline as it targets the key support level of the Bear Market at 0,6970.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,6970.
- Add a stop-loss at 0,7145.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australian Dollar Expected to Drop Below 0,700.
Bull Market Outlook
- Set a buy-stop at 0,7100 and a take profit at 0,7150.
- Add a stop-loss at 0,7050.
The AUD/USD pair tried to pull back on Monday morning as investors continued to focus on the great job numbers from the US last Friday.
While the pair is trading at 0,7075, the focus is shifting to the upcoming US inflation data.
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