Forex Signal For AUD/USD: Extreme Drop Below 0,7288
Forex Signal For AUD/USD: Extreme Drop Below 0,7288
The AUD/USD pair will continue to maintain its downtrend with the next major target at 0,7250.
Bear Market Outlook
- Sell AUD/USD and set to take a profit at 0,7250
- Add a stop-loss at 0,7380.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Extreme Drop Below 0,7288
Bull Market Outlook
- Set a buy stop at 0,7380 and a take profit at 0,7450.
- Add a stop-loss at 0,7300.
The
AUD/USD price declined slightly in early trading after the release of relatively weak Reserve Bank of Australia (RBA) minutes. The pair dropped to 0,7300, which is significantly lower than this month's high of 0,7425.
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