Forex Signal For AUD/USD: Further Downsides for the Australian Dollar
Forex Signal For AUD/USD: Further Downsides for the Australian Dollar
The couple will likely continue to fall in the near term.
Bear Market View
- Sell the pair AUD/USD and set a profit at 0,700.
- Add a stop-loss at 0,7170.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Further Downsides for the Australian Dollar
Bull Market View
- Set a buy-stop at 0,7125 and a take-profit at 0,7200.
- Add stop loss at 0,7050.
The AUD/USD pair is trading at 0,7076, slightly above last week's low of 0,7031, while hovering near February lows this year as market participants focus on the latest RBA and Fed decisions and the upcoming Australian elections.
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