Forex Signal For AUD/USD: Showing Head and Shoulder Pattern Curves
Forex Signal For AUD/USD: Showing Head and Shoulder Pattern Curves
The pair will likely continue to decline as long as the sellers target the second support of the standard pivot point at 0,6765.
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,6800.
- Add a stop-loss at 0,700.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Showing Head and Shoulder Pattern Curves
Bull Market View
- Set a buy stop at 0,6930 and a take profit at 0,7000.
- Add a stop-loss at 0,6850.
The AUD/USD currency pair rebounded in the nighttime session, hitting a weekly low of 0,6840 to 0,6923, as investors reflected on rebounding commodity prices and strong Australian retail sales data.
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