Forex Signal For AUD/USD: Break and Retest, Which Can Boost AUD More
Forex Signal For AUD/USD: Break and Retest, Which Can Boost AUD More
The pair likely tends to recover this week. This is because it creates a breakout and retest pattern on the 4H chart.
Bull Market Outlook
- Set buy-stop at 0,7280 and take-profit at 0,7350.
- Add a stop-loss at 0,7200.
- Timetable: 1-2 days.
AUD/USD Forex Signal: Break and Retest, Which Can Boost AUD More
Bear Market Outlook
- Set a sell-stop at 0,7200 and a take profit at 0,7100.
- Add a stop-loss at 0,7300.
The
AUD/USD pair stayed in a tight range in early trading as investors reflected on the ongoing economic difficulties in both Australia and China, causing the pair to trade at 0,7254, just below last week's high of 0,7320.
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