Forex Signal For AUD/USD: Australian Dollar Outlook Ahead of Fed Decision
Forex Signal For AUD/USD: Australian Dollar Outlook Ahead of Fed Decision
The unemployment rate has dropped to 3,5% as the Australian economy is doing well. Wages continued to rise, although they remained lower than those of most developed countries.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,6500.
- Add a stop-loss at 0,6300.
- Timeline: 1 day.
Forex Signal For AUD/USD: Australian Dollar Outlook Ahead of Fed Decision
Bear Market Outlook
- Set a sell stop at 0,6350 and a take profit at 0,6250.
- Add a stop-loss at 0,6450.
The AUD/USD pair remained in the consolidation phase after the RBA's latest rate decision and traded at 0,6386, much lower than last week's high of 0,6525.
Now the focus is on the monetary policy meeting of the Central Bank.
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