Forex Signal For AUD/USD: Bearish Trend Remains After Strong NFPs
Forex Signal For AUD/USD: Bearish Trend Remains After Strong NFPs
The pair will likely continue its downward trend ahead of US inflation figures.
Bear market Outlook
- Sell-stop AUD/USD set to take a profit at 0,7290.
- Add a stop-loss at 0,7413.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Bearish Trend Remains After Strong NFPs
Bull Market Outlook
- Set a buy-stop at 0,7365 and a take profit at 0,7415.
- Add a stop-loss at 0,7300.
The
AUD/USD pair remains steady near its low last week, trading at 0,7350, about one percent below the high, after strong US employment numbers and Australia continue to grapple with a rise in new cases.
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