Forex Signal For AUD/USD: H&S Pattern Points Drop To 0,68
Forex Signal For AUD/USD: H&S Pattern Points Drop To 0,68
The pair will likely continue to decline as long as sellers aim the next key psychological level of 0,6800
.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6800.
- Add a stop-loss at 0,6953.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: H&S Pattern Points Drop To 0,68
Bull Market Outlook
- Set a buy stop at 0,6935 and a take profit at 0,7025.
- Add a stop-loss at 0,6850.
AUD/USD was trading at 0,6900, just below the week's high of 0,6966, as the price fell slightly ahead of the upcoming Jackson Hole Symposium in Wyoming and the second forecast of US GDP data.
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