Forex Signal For AUD/USD: Resistance Path Lowest.
Forex Signal For AUD/USD: Resistance Path Lowest.
The pair is likely to remain bearish as the bear market targets the 6,.8% Fibonacci retracement level at 0,7250.
Bear Market Outlook
- Sell the AUD/USD pair and set to take a profit at 0,7250.
- Add a stop-loss at 0,7350.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Resistance Path Lowest.
Bull Market Outlook
- Set a buy-stop at 0,7340 and a take profit at 0,7400.
- Add a stop-loss at 0,7250.
The AUD/USD pair slumped in the overnight session after relatively weak Chinese and US economic data, dropping to 0,7300, its lowest level since August 30.
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