Forex Signal For AUD/USD: Australian Dollar Holds Tight.
Forex Signal For AUD/USD: Australian Dollar Holds Tight.
The pair will likely continue to rise as the bull market targets the next key resistance level at 0,7340, which is along the 61,8% Fibonacci retracement level.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,7350.
- Add a stop-loss at 0,7200.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australian Dollar Holds Tight.
Bear Market Outlook
- Set a sell-stop at 0,7240 and a take profit at 0,7150.
- Add a stop-loss at 0,7300.
The AUD/USD pair continues its uptrend in the nighttime session even after the recent spike in Covid-19 cases in Australia and is trading at 0,7265, roughly 1,1% above this week's low.
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