Forex Signal For AUD/USD: Optimism Advances Prudent After Strong Australian Inflation Data.
Forex Signal For AUD/USD: Optimism Advances Prudent After Strong Australian Inflation Data.
AUD/USD price is also gaining optimism, reacting to the latest Australian inflation data.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,6500.
- Add a stop-loss at 0,6300.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Optimism Advances Prudent After Strong Australian Inflation Data.
Bear Market Outlook
- Set a sell-stop at 0,6320 and a take profit at 0,6250.
- Add a stop-loss at 0,6425.
The AUD/USD price rose to 0,6400, the highest level since October 24 this year, after the new Australian government released its budget and the latest consumer price index data.
It's up more than 3,5% from this month's low.
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