Forex Signal For AUD/USD: Drops Expected To Be Harder Than 0.6950 In Bear Market Eyes.
Forex Signal For AUD/USD: Drops Expected To Be Harder Than 0.6950 In Bear Market Eyes.
The pair will likely continue to decline as long as the sellers aim the next key support level at 0,6950.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6950.
- Add a stop-loss at 0,7050.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Drops Expected To Be Harder Than 0.6950 In Bear Market Eyes.
Bull Market Outlook
- Set a buy stop at 0,7050 and a take profit at 0,7150.
- Add a stop-loss at 0,6970.
The AUD/USD price fell to 0,700 as the market reacted to the last minutes of the Reserve Bank of Australia (RBA) and is about 2% below this month's high ahead of the latest US retail sales and FOMC minutes.
You may also be interested in: