Forex Signal For AUD/USD: Further Increase Expected as RBA and Fed Combine
Forex Signal For AUD/USD: Further Increase Expected as RBA and Fed Combine
The pair will likely continue to rise as the bulls target key resistance at 0,7300.
Bull Market Outlook
- Buy the AUD/USD pair and set a buy-profit at 0,7346.
- Add a stop-loss at 0,7170.
- Timetable: 1 day.
Forex Signal For AUD/USD: Further Increase Expected as RBA and Fed Combine
Bear Market Outlook
- Stop selling at 0,7170 and take profit at 0,7100.
- Add a stop-loss at 0,7250.
The AUD/USD pair held steady in the overnight session as investors focused on the Federal Reserve and Bank of Australia's interest rate decision, climbing to 0,7236, just above 0,7030 this month's low.
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