Forex Signal For AUD/USD: Drop To 0.6800 Appears Amid China-Taiwan Concerns
Forex Signal For AUD/USD: Drop To 0.6800 Appears Amid China-Taiwan Concerns
As long as the sellers target this support at 0,6850, the pair will likely continue to decline.
Bear Market Outlook
- Sell the AUD/USD pair and take profit at 0,6850.
- Add a stop-loss at 0,6950.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Drop To 0.6800 Appears Amid China-Taiwan Concerns
Bull Market Outlook
- Set a buy stop at 0,6945 and a take profit at 0,7050.
- Add a stop-loss at 0,6875.
AUD/USD price pulled back on Monday morning and fell to 0,6875, its lowest level since July 21, while continuing its spectacular decline from Friday last week.
It fell below 2,50%, this month's high.
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