Forex Signal For AUD/USD: Bear Market Outlook Ahead of FOMC Decision
Forex Signal For AUD/USD: Bear Market Outlook Ahead of FOMC Decision
The pair will likely continue the apparent downtrend as traders target the key support at 0,7200.
Bear Market Outlook
- Sell AUD/USD and set to take a profit at 0,7150.
- Add a stop-loss at 0,7280.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bear Market Outlook Ahead of FOMC Decision
Bull Market Outlook
- Set a buy-stop at 0,7250 and a take profit at 0,7350.
- Add a stop-loss at 0,7200.
AUD/USD continued its bearish action in the night session as Tuesday's rally eased and the pair fell to 0,7220, just below Tuesday's high of 0,7285.
You may also be interested in: