Forex Signal For AUD/USD: Bearish Outlook Ahead of Powell's Decisions
Forex Signal For AUD/USD: Bearish Outlook Ahead of Powell's Decisions
Image The pair will likely stay in the same range prior to Jerome Powell's statement.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6900.
- Add a stop-loss at 0,7020.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bearish Outlook Ahead of Powell's Decisions
Bull Market Outlook
- Set a buy stop at 0,7000 and a take profit at 0,7050.
- Add a stop-loss at 0,6950.
The AUD/USD pair remains in the consolidation phase as traders focus on the last minutes of the Reserve Bank of Australia (RBA) and traded from 0,6975 against the US dollar to just above last Friday's low of 0,6898.
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