Forex Signal For AUD/USD: Reached Top of Bearish Breakout.
Forex Signal For AUD/USD: Reached Top of Bearish Breakout.
The pair will likely continue to rise as the Bear Market targets the next key support level at 0,7120
Bear Market View
- Sell the AUD/USD pair and take profit at 0,7140.
- Add a stop-loss at 0,7250.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Reached Top of Bearish Breakout.
Bull Market Outlook
- Set a buy stop at 0,7240 and a take profit at 0,7300.
- Add a stop-loss at 0,7170.
AUD/USD remains in a tight range ahead of upcoming US consumer inflation data and as commodity prices continue to rise.
It has been trading at 0,7192, just below this month's high for the past few days.
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