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Forex Signal For AUD/USD: Bearish Outlook Ahead of RBA Decision

Forex Signal For AUD/USD: Bearish Outlook Ahead of RBA Decision Forex Signal For AUD/USD: Bearish Outlook Ahead of RBA Decision

Forex Signal For AUD/USD: Bearish Outlook Ahead of RBA Decision
Yazar: Ross Sutton

Yayınlanma: 2 Ağustos 2021 16:42

Güncellenme: 8 Kasım 2024 18:31

Forex Signal For AUD/USD: Bearish Outlook Ahead of RBA Decision

  Forex Signal For AUD/USD: Bearish Outlook Ahead of RBA Decision  

Bear Market Outlook

  • Sell AUD/USD to take a profit at 0,7290.
  • Add a stop-loss at 0,7400.
  • Timetable: It is for 1-2 days.

Bull Market Outlook

  • Set a buy-stop at 0,7370 and a take profit at 0,7450.
  • Add a stop-loss at 0,7300.
  The AUD/USD pair slumped on Monday morning as the number of COVID cases in Australia continued to rise. The pair also pulled back after the announcement of the largest M&A deal in Australia as investors await the Reserve Bank of Australia's (RBA) interest rate decision.   audusd-02082021  

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