Forex Signal For AUD/USD: Suspicious RBA Increments More As Forecast.
Forex Signal For AUD/USD: Suspicious RBA Increments More As Forecast.
The path to the lowest resistance for the pair is to the upside and the next key resistance is at 0,7550.
Bull Market Outlook
- Buy the AUD/USD pair and set a profit at 0,7550.
- Add a stop-loss at 0,7400.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Suspicious RBA Increments More As Forecast.
Bear Market Outlook
- Set a sell-stop at 0,7450 and a take profit at 0,7350.
- Add a stop-loss at 0,7550.
The pair is still trading at 0,7485, roughly 4,35% above September 29 low as AUD/USD rallied to its highest level since July as investors and analysts doubt the guidance offered by the Reserve Bank of Australia (RBA).
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