Forex Signal For AUD/USD: Markets Ready for a Decline of 0,6850
Forex Signal For AUD/USD: Markets Ready for a Decline of 0,6850
The pair is likely to continue lower as the bears target the key support level at 0,6850 June 15 low.
Bear Market view
- Sell the AUD/USD pair and take profit at 0,6850.
- Add a stop-loss at 0,7025.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Markets Ready for a Decline of 0,6850
Bull Market Outlook
- Set a buy stop at 0.700 and add a take profit at 0,7050.
- Add a stop-loss at 0,6870.
AUD/USD fell to 0.6935, about 4,5% below this month's high, as global recession concerns persist and the dollar continues to hold its strength.
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