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Forex Signal For AUD/USD: H&S Pattern Points To More Drops!

Forex Signal For AUD/USD: H&S Pattern Points To More Drops!Forex Signal For AUD/USD: H&S Pattern Points To More Drops!

Forex Signal For AUD/USD: H&S Pattern Points To More Drops!
Yazar: Ross Sutton

Yayınlanma: 14 Temmuz 2021 17:01

Güncellenme: 12 Kasım 2024 16:30

Forex Signal For AUD/USD: H&S Pattern Points To More Drops!

  Forex Signal For AUD/USD: H&S Pattern Points To More Drops!   AUD/USD is likely to continue its downward trend after US PPI data, Fed Board member Beige Book and Fed Chairman Jerome Powell's statements.  

Bear Market Outlook

  • Sell ​​the AUD/USD pair to take a profit at 0,400.
  • Add a stop-loss at 0,7525.
  • Timetable: 1-2 days.
 

Forex Signal For AUD/USD:H&S Pattern Points To More Drops!

 

Bull Market Outlook

 
  • Set a buy-stop at 0,7490 and a take profit at 0,7550.
  • Add a stop-loss at 0,7430.
  The AUD/USD pair erased some of its losses on Tuesday following the strong US consumer inflation data. The pair climbed to a significant high of 0,7470 from Tuesday's low of 0,7410.   audusd-14072021  

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