Forex Signal For AUD/USD: Eyes Up After Breaking 0,7200 Key Resistance Point
Forex Signal For AUD/USD: Eyes Up After Breaking 0,7200 Key Resistance Point
The pair will likely continue to rise as long as buyers aim the next key resistance at 0,7200.
Bull Market Outlook
- Buy AUD/USD and take a profit at 0,7200.
- Add a stop-loss at 0,7000.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Eyes Up After Breaking 0,7200 Key Resistance Point
Bear Market Outlook
- Set a sell stop at 0,7050 and a take profit at 0,6970.
- Add a stop-loss at 0,7100.
The AUD/USD price hit 0,7110, nearly 6,1% above this year's low, hitting its highest level since June 10 of this year following the latest US consumer inflation data.
You may also be interested in: