Forex Signal For AUD/USD: Bear Flag Indicates More Weakness For The Pair!
Forex Signal For AUD/USD: Bear Flag Indicates More Weakness For The Pair!
The
AUD/USD pair is likely to continue lower as the bears aim below 0,7443.
Bear Market Outlook
- Sell AUD/USD to take a profit at 0,7440.
- Add a stop-loss at 0,7540.
- Timetable: It is for 1-2 days.
Forex Signal For AUD/USD: Bear Flag Indicates More Weakness For The Pair!
Bull Market Outlook
- Set a buy-stop at 0,7500 and take a profit at 0,7550.
- Add a stop-loss at 0,7450.
The AUD/USD pair fell sharply on Tuesday, reflecting lower US Treasury yields and the RBA interest rate decision. The AUD/USD pair fell to 0,7486, about 1,50 % below Tuesday's high.
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