Forex Signal For AUD/USD: Ongoing Drop Sensitivity Ahead of RBA Decision
Forex Signal For AUD/USD: Ongoing Drop Sensitivity Ahead of RBA Decision
The Australian dollar is expected to react to a few key economic data from the US and Australia.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6250.
- Add a stop-loss at 0,6500.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Ongoing Drop Sensitivity Ahead of RBA Decision
Bull Market Outlook
- Set a buy stop at 0,6450 and a take profit at 0,6550.
- Add a stop-loss at 0,6350.
The Australian dollar remained under pressure in the last part of last week despite the pullback of other developed country currencies such as the Australian (RBA) interest rate sterling and the euro, while the price of the pair remained close to a two-year low ahead of the upcoming Reserve Bank.
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