Forex Signal For AUD/USD: Resistance Lower than Path of Least
Forex Signal For AUD/USD: Resistance Lower than Path of Least
The pair is likely to continue its downtrend, with the next key target remaining at the 50% retracement at 0,6760.
Bear Market Outlook
- Add a sell-stop of 0,7060 and a take-profit of 0,6760.
- Set a stop-loss at 0,7426.
- Timetable: 2-3 days.
Forex Signal For AUD/USD: Resistance Lower than Path of Least
Bull Market Outlook
- Set buy-stop at 0,7100 and take profit at 0,7425.
- Add a stop-loss at 0,6900.
The
AUD/USD price fell to its lowest level since November last year despite Australia posting strong employment figures. The pair dropped to 0,7215, which is about 10 % below this year's high.
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