Forex Signal For AUD/USD: Election Doubts May Cause Pair To Drop To 0,68.
Forex Signal For AUD/USD: Election Doubts May Cause Pair To Drop To 0,68.
Lowering support to 0,6900 will mean that sellers are dominant.
Bear Market View
- Sell the AUD/USD and set profit at 0,6800.
- Add a stop loss to 0,7050.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Election Doubts May Cause Pair To Drop To 0,68.
Bull Market Look
- Set up a buy stop at 0,7010 and take a profit at 0,7100.
- Add a loss stop at 0,6915.
While the AUD/USD parity moves sideways as investors evaluate the current market conditions as the data pointing to the highest inflation, investors are also closely following the ongoing campaign in Australia.
It is trading at 0,6990, which is just above this week's low of 0,6912.
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