Forex Signal For AUD/USD: Bear Market Outlook Ahead of Fed Decision.
Forex Signal For AUD/USD: Bear Market Outlook Ahead of Fed Decision.
The pair is likely to continue falling as the Bear Market targets the next key support level at this week's low of 0,7090.
Bear Market Outlook
- Sell the AUD/USD pair and set a take profit at 0,7090.
- Add a stop-loss at 0,7200.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bear Market Outlook Ahead of Fed Decision.
Bull Market Outlook
Set a buy-stop at 0,7150 and a take profit at 0,7200.
Add a stop-loss at 0,7100.
The AUD/USD pair fell in the morning as investors reacted to the strong Australian Consumer Price Index (CPI) and fell after the latest US confidence data and the Federal Reserve's upcoming interest rate decision.
It is trading at 0,7140, which is about 2.45% below this year's high.
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