Forex Signal For AUD/USD: Possible Drop to 0,6950 Ahead of RBA.
Forex Signal For AUD/USD: Possible Drop to 0,6950 Ahead of RBA.
The pair will likely continue to decline as the Bear Market targets the next support at 0,6950.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6950.
- Add a stop-loss at 0,7050.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Possible Drop to 0,6950 Ahead of RBA.
Bull Market Outlook
- Set a buy-stop at 0,7025 and a take profit at 0,7100.
- Add a stop-loss at 0,6975.
The AUD/USD price is trading at 0,700, about 4,35% below last week's high of 0,7320, and slips on Monday morning as investors expect a relatively busy week.
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