Forex Signal For AUD/USD: Solid Sell Ahead of 0,7300
Forex Signal For AUD/USD: Solid Sell Ahead of 0,7300
The pair is likely to continue lower as the bears target the key support level at 0,7330, which is along the 38,2% Fibonacci retracement level.
Bear Market Outlook
- Sell AUD/USD and set profit at 0,7330.
- Add a stop-loss at 0,7450.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Solid Sell Ahead of 0,7300
Bull Market Outlook
- Set a buy-stop at 0,7420 and a take profit at 0,7475 (Friday high).
- Add a stop-loss at 0,7300.
AUD/USD price tumbled in the overnight session after a broader dollar rebound that saw the dollar index gain more than 0,45%. The pair slumped to 0,7375, the lowest level since September 2nd.
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