Forex Signal For AUD/USD: Sales Exorbitantly Increased and Likely to Retest to 0,700
Forex Signal For AUD/USD: Sales Exorbitantly Increased and Likely to Retest to 0,700
The outlook for
AUD/USD is bearish ahead of the upcoming FOMC decision
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,700.
- Add a stop-loss at 0,6900.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Sales Exorbitantly Increased and Likely to Retest to 0,700
Bear Market Outlook
- Set a sell-stop at 0,6900 and a take profit at 0,6800.
- Add a stop-loss at 0,7000.
The US dollar continued its uptrend, while the price of AUD/USD fell sharply to 0,6940, its lowest level since May 16. It's down more than 4% from this month's high.
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