Forex Signal For AUD/USD: Bearish Trend Following Stock Range
Forex Signal For AUD/USD: Bearish Trend Following Stock Range
The pair will likely stay range-bound with a bearish bias.
Bear Market Outlook
Buy sell-stop at 0,7330 and set to take profit at 0,7250
Add a stop-loss at 0,7400
Timetable: 1-2 days.
Forex Signal For AUD/USD: Bearish Trend Following Stock Range
Bull Market Outlook
Set a buy-stop at 0,7360 and a take profit at 0,7450.
Add a stop-loss at 0,7300.
The AUD/USD pair remained in consolidation mode after relatively weak Australian consumer confidence data and as iron ore prices fell. It continues to trade at 0,7345 where it has been for the past few days.