Forex Signal For AUD/USD: Bearish Momentum Remains
Forex Signal For AUD/USD: Bearish Momentum Remains
Path of least resistance is still lower for the pair and the next key target is at 0,7150.
Bear Market Outlook
- Sell AUD/USD and set a take profit at 0,7150.
- Add a stop-loss at 0,7300.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bearish Momentum Remains
Bull Market Outlook
- Set a buy-stop at 0,7250 and a take profit at 0,7300.
- Add a stop-loss at 0,7200.
The AUD/USD pair drops to its lowest level since August 27 as the market reflects on falling commodity prices, with the pair falling to 0,7220, about 3.40% below this month's high.
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