Forex Signal For AUD/USD: On Top Of The Big Bear Breakout
Forex Signal For AUD/USD: On Top Of The Big Bear Breakout
The pair is likely to resume its downtrend, especially if the bears manage to break below the key support at 0,7345.
Bear Market Outlook
- Set sell-stop at 0,7330 and take profit (61.8% retracement) at 0,7245.
- Add a stop-loss at 0,7400.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: On Top Of The Big Bear Breakout
Bull Market Outlook
- Set a buy-stop at 0,7350 and a take profit at 0,7450.
- Add a stop-loss at 0,7300.
AUD/USD price remains under pressure in early trading as Australia continues to make progress in coping with the new wave of COVID-19.
The pair is trading at 0,7355, slightly above last week's low of 0,7345.
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