Forex Signal For AUD/USD: Highly Rising Above 0,6520
Forex Signal For AUD/USD: Highly Rising Above 0,6520
Some analysts point out that further rate hikes will push the Australian economy into recession.
Bull Market Outlook
- Set a buy stop at 0,6520 and a take profit at 0,6620.
- Add a stop-loss at 0,6425.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Highly Rising Above 0,6520
Bear Market Outlook
- Set sell stop at 0,6440 and take profit at 0,6380.
- Add a stop-loss at 0,6520.
The
AUD/USD price moved sideways on Tuesday morning as investors weighed developments in China after weak trading figures and traded at 0,6475, just above Monday's low of 0,6411.
This price was about 4,88% above the October low.
You may also be interested in: