Forex Signal For AUD/USD: Australian Dollar Still Heading Towards 0,6850
Forex Signal For AUD/USD: Australian Dollar Still Heading Towards 0,6850
The outlook for the pair is bearish and the next key support level is expected at 0,6850.
Bear Market Outlook
- Sell the AUD/USD pair and take profit at 0,6850.
- Add a stop-loss at 0,700.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australian Dollar Still Heading Towards 0,6850
Bull Market Outlook
- Set a buy stop at 0,6960 and a take profit at 0,7025.
- Add a stop-loss at 0,6900.
AUD/USD climbed to 0,6950, slightly above this week's low of 0,6885, forming a breakout and retest pattern, as Jerome Powell told the Senate.
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