Forex Signal For AUD/USD: Path of Least Resistance to Downside.
Forex Signal For AUD/USD: Path of Least Resistance to Downside.
The pair will likely continue to decline as the bears target the key support at 0,7200.
Bear Market Sign
- Sell AUD/USD and take a profit at 0,7200.
- Add a stop-loss at 0,7400.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Path of Least Resistance to Downside.
Bull Market Sign
- Set a buy-stop at 0,7340 and a take profit at 0,7450.
- Add a stop-loss at 0,7250.
The AUD/USD pair slumped for three straight days as investors reflected fast-paced US inflation and relatively weak Australian employment numbers. It is trading at 0,7312, which is about 3,2% below the October high.
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