Forex Signal For AUD/USD: Bearish Expectations Ahead of FOMC
Forex Signal For AUD/USD: Bearish Expectations Ahead of FOMC
The pair is expected to continue its bearish trend ahead of the upcoming FOMC decision.
Bear Market Outlook
- Sell the AUD/USD pair and take profit at 0,6850.
- Add a stop-loss at 0,7025.
- Timetable: 1 day.
Forex Signal For AUD/USD: Bearish Expectations Ahead of FOMC
Bull Market Outlook
- Set a buy stop at 0,7000 and a take profit at 0,7100.
- Add a stop-loss at 0,6900.
The AUD/USD price is hovering near its highest level since June 28 even after the International Monetary Fund (IMG) global economic downgrade, with the pair trading at 0,6930, which is about 4% above this month's low.
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