Forex Signal For AUD/USD: Australia's Resistance Path Looks Lower At Least.
Forex Signal For AUD/USD: Australia's Resistance Path Looks Lower At Least.
The path of least resistance for the pair is lower with the next key support at 0,6640 at S2 of the Woodie pivot point.
Bear Market Outlook
- Sell the AUD/USD pair and take profit at 0,6640.
- Add a stop-loss at 0,6850.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Australia's Resistance Path Looks Lower At Least.
Bull Market Outlook
- Set a buy stop at 0,6800 and a take profit at 0,6900.
- Add a stop-loss at 0,6700.
The AUD/USD pair dropped to 0,6765, its lowest level since June 2020, as recession concerns combined with hawkish central bank policies during the American and Asian sessions.
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