Forex Signal For AUD/USD: Australian Dollar Pulls Back Ahead of RBA Decision.
Forex Signal For AUD/USD: Australian Dollar Pulls Back Ahead of RBA Decision.
The pair is likely to continue its uptrend as the bulls target key resistance at 0,7350, just below the 61,8% retracement level.
Bull Market Outlook
- Buy AUD/USD 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 Pulls Back Ahead of RBA Decision.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,7180.
- Add a stop-loss at 0,7300.
The AUD/USD pair fell on Monday amid growing concerns over the Covid-19 pandemic in Australia, trading at 0,7250, a few points below last week's high of 0,7277.
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