Forex Signal for AUD/USD: Bearish Breakout Possible at 0,7600!
Forex Signal for AUD/USD: Bearish Breakout Possible at 0,7600!
The pair will likely continue to decline as the bears target the first support of the standard pivot point at 0,7500.
Bear Market
- Sell the AUD/USD pair and seek a gain at 0,7500.
- Add a stop-loss at 0,7650.
- Timetable: 1-2 days.
Forex Signal for AUD/USD: Bearish Breakout Possible at 0,7600!
Bull Market
- Set a stop-buy at 0,7600 and take a profit at 0,7700.
- Add a stop-loss at 0,7550.
The parity fell in early trading as investors reacted to the recent lock downs announced in Australia to curb the spread of the new Delta variant. The pair is trading at 0,7583, slightly below last week's high of 0,7615.
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