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Forex Signal For AUD/USD: Overbought Aussie Dollar.

Forex Signal For AUD/USD: Overbought Aussie Dollar. Forex Signal For AUD/USD: Overbought Aussie Dollar. Forex Signal For AUD/USD: Aussie

Forex Signal For AUD/USD: Overbought Aussie Dollar.
Yazar: Ross Sutton

Yayınlanma: 16 Kasım 2022 13:07

Güncellenme: 1 Mart 2024 06:12

Forex Signal For AUD/USD: Overbought Aussie Dollar.

  Forex Signal For AUD/USD: Overbought Aussie Dollar.   According to the National Bureau of Statistics (NBS), the AUD/USD price rose after relatively weak Chinese economic data; In October, retail sales fell by 0.5%, industrial production by 5.0% and fixed asset investment by 5,8%.  

Bear Market Outlook

 
  • Sell ​​AUD/USD and take profit at 0,6700.
  • Add a stop-loss at 0,6900.
  • Timetable: 1-2 days.
 

Forex Signal For AUD/USD: Overbought Aussie Dollar.

 

Bull Market Outlook

 
  • Set buy stop at 0,6820 and take profit at 0,6920.
  • Add a stop-loss at 0,6725.
  The AUD/USD price rally rose to 0,6793, its highest level since September, after another set of positive US inflation data and talks between Xi Jinping and Anthony Albanese.  

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