Forex Signal For AUD/USD: Drop To 0,7200 Cannot Be Rejected.
Forex Signal For AUD/USD: Drop To 0,7200 Cannot Be Rejected.
The pair will likely continue its downtrend in the near term with the next key level at 0,7200.
Bear Market Outlook
- Sell the AUD/USD pair and set to take a profit at 0,7200.
- Add a stop-loss at 0,7400.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Drop To 0,7200 Cannot Be Rejected.
Bull Market Outlook
- Set a buy-stop at 0,7350 and a take profit at 0,7450.
- Add a stop-loss at 0,7300.
The
AUD/USD pair declined slightly during the night session after relatively weak Australian employment figures, while also reacting to potential tensions between the market, Australia and China.
It is trading at 0,7330, which is slightly below this week's high of 0,7350.
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