Forex Signal For AUD/USD: Revival Expected in Near Term
Forex Signal For AUD/USD: Revival Expected in Near Term
While the general trend is alive, a recovery is expected in the near term.
Bull Market Outlook
- Buy AUD/USD and set profit at 0,7300.
- Add a loss-stop to 0,7150.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Revival Expected in Near Term
Bear Market Outlook
- Stop selling at 0,7220 and set up take profit at 0,7150.
- Add stop-loss at 0,7300.
AUD/USD fell to its lowest level since March 16th, while the dollar continues to fear a more hawkish Federal Reserve.
It trades at 0,7245, about 5.50% below the peak this week.
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