Forex Signal For AUD/USD: Bearish Breakout to 0,7300 Looks Possible.
Forex Signal For AUD/USD: Bearish Breakout to 0,7300 Looks Possible.
The pair is likely to continue its downtrend as the bears target the next key support level at 0,7300.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,7300.
- Add a stop-loss at 0,7500.
- Timetable: 2 days.
Forex Signal For AUD/USD: Bearish Breakout to 0,7300 Looks Possible.
Bull Market Outlook
- Set a buy-stop at 0,7435 and a take profit at 0,7550.
- Add a stop-loss at 0,7350.
AUD/USD is trading at 0,7400, above last week's low of 0,7358, sloping upwards Monday morning as investors reflected on relatively strong employment numbers from the US and trade figures from China.
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