Forex Signal For AUD/USD: Bearish Momentum Indicates Drop To 0,6380.
Forex Signal For AUD/USD: Bearish Momentum Indicates Drop To 0,6380.
Bear Market Outlook
Sell the AUD/USD pair and take profit at 0,6380.
Add a stop-loss at 0,6620.
Timetable: 1-2 days.
Forex Signal For AUD/USD: Bearish Momentum Indicates Drop To 0,6380.
Bull Market Outlook
Set a buy stop at 0,6567 and a take profit at 0,6690.
Add a stop-loss at 0,6450.
The AUD/USD pair slid to 0,6530, its lowest level since 2020, as it continued to slide amid a strong US dollar and growing concerns over the global economy.
It's also down about 10% this year.