Forex Signal For AUD/USD: Negativity Rises After RBA Decision
Forex Signal For AUD/USD: Negativity Rises After RBA Decision
The Reserve Bank of Australia (RBA) concluded its two-day meeting, fulfilling what most economists expected.
Bear Market Outlook
- Sell AUD/USD and take profit at 0,6600.
- Add a stop-loss at 0,6790.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Negativity Rises After RBA Decision
Bull Market Outlook
- Set buy stop at 0,6760 and take profit at 0,6875.
- Add a stop-loss at 0,6675.
The AUD/USD price slumped to its lowest level since November 30 as investors reacted to the Reserve Bank of Australia's (RBA) latest interest rate decision to 0.6690, down from this week's 0.6851.
You may also be interested in: