Forex Signal For AUD/USD: Critical Point to Drop Below 0,7345
Forex Signal For AUD/USD: Critical Point to Drop Below 0,7345
More downsides will be confirmed if the price drops below the key value of 0,7345.
Bear Market View
- Set a sell-stop to 0,7345 and buyer-profit ratio to 0,7275.
- Add a stop-loss to 0,7450.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Critical Point to Drop Below 0,7345
Bull Market View
- Buy-stop for 0,7400 and profit for 0,7500.
- Add a stop-loss to 0,7300.
The
AUD/USD is at its lowest point since March 17th, as the Australian Central Bank (RBA) and the IMF slipped past its last minutes amid the global economic crisis.
It dropped more than 3,50% from its highest level this month.
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