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.