Forex Signal For AUD/USD: Strong US CPI Changes Expectations
Forex Signal For AUD/USD: Strong US CPI Changes Expectations
The
AUD/USD pair continued to slide after the latest US inflation data released on Tuesday.
Bear Market Outlook
- Sell the AUD/USD pair and take profit at 0,6650.
- Add a stop-loss at 0,6860.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Strong US CPI Changes Expectations
Bull Market Outlook
- Set a buy stop at 0,6785 and a take profit at 0,6900.
- Add a stop-loss at 0,6650.
AUD/USD price has made a sharp return to 0,6753, the lowest since Sept. 9, following the latest US inflation data.
It was also much lower than this week's high of 0,6920.
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