Forex Signal For AUD/USD: Equivalent Triangle Lines Showing Down To 0,6850.
Forex Signal For AUD/USD: Equivalent Triangle Lines Showing Down To 0,6850.
The expectation is that the pair will likely enter a bearish trend in the coming days.
Bear Market View
- Sell the AUD/USD pair and take profit at 0,6850.
- Add a stop-loss at 0,700.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Equivalent Triangle Lines Showing Down To 0,6850.
Bull Market Outlook
- Set a buy stop at 0,6954 and a take profit at 0,7050.
- Add a stop-loss at 0,6890.
The pair consolidated as AUD/USD moved sideways as investors mirrored the latest release of Jerome Powell and US housing data, while Australian and US bond yields rose sharply.
It is trading at 0,6923 where it has been for the past few days.
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