Forex Signal For AUD/USD: Extremely Bearish Below 0,7230
Forex Signal For AUD/USD: Extremely Bearish Below 0,7230
As long as the strength of the US dollar continues, the pair will likely continue to decline.
Bear Market Outlook
- Set a sell-stop at 0,7230 and a take profit at 0,7150.
- Add a stop-loss at 0,7300.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Extremely Bearish Below 0,7230
Bull Market Outlook
- Set a buy-stop at 0,7240 and a take profit at 0,7350.
- Add a stop-loss at 0,7160.
AUD/USD is trading at 0,7240, which remains below this week's high of 0,7310 as investors reflect the rising risks of a US government shutdown and stagflation.
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