Forex Signal For AUD/USD: Slope Points More Up after Australian Budget Statements.
Forex Signal For AUD/USD: Slope Points More Up after Australian Budget Statements.
Chinese economic figures gain importance for Australia due to the large trade volume that exists between the two countries.
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,6460.
- Add a stop-loss at 0,6250.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Slope Points More Up after Australian Budget Statements.
Bear Market Outlook
- Take a sell stop at 0,6300 and a profit at 0,6200.
- Add a stop-loss at 0,6400.
AUD/USD climbed to 0,6378, slightly higher from 0,6200 this month's low, as the US dollar continued to recover on Monday following the retreat of the US dollar and relatively strong Chinese economic data.
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