Forex Signal For AUD/USD: Fed Stuck in Narrow Range Amid Pivot Concerns.
Forex Signal For AUD/USD: Fed Stuck in Narrow Range Amid Pivot Concerns.
AUD/USD price is moving in a tight range as the market focuses on the possibility of a Fed pivot.
Bear Market Outlook
- Sell the AUD/USD pair and make a profit at 0,6600.
- Add a stop-loss at 0,6750.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Fed Stuck in Narrow Range Amid Pivot Concerns.
Bull Market Outlook
- Set a buy stop at 0,6700 and a take profit at 0,6800.
- Add a stop-loss at 0,6600.
The AUD/USD price pulled back as investors began assessing the possibility of a Federal Reserve pivot, even after relatively strong employment numbers in Australia.
It is trading at 0,6674, below this month's high of 0,6800.
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