Forex Signal For AUD/USD: Promises More Earnings Before RBA Decision
Forex Signal For AUD/USD: Promises More Earnings Before RBA Decision
The pair will likely continue to rise as long as the bulls aim the next key resistance level at 0,7100.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,7100.
- Add a stop-loss at 0,6950.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Promises More Earnings Before RBA Decision
Bear Market Outlook
- Take a sell stop at 0,6950 and a profit at 0,6850.
- Add a stop-loss at 0,7025.
The AUD/USD pair remained calm on Monday morning, trading at 0.6990, significantly above last month's low of 0,6685 as the market awaited the Reserve Bank of Australia's (RBA) rate decision.
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