Forex Signal For AUD/USD: The Australian Dollar Increases As It Creates V-Shape.
Forex Signal For AUD/USD: The Australian Dollar Increases As It Creates V-Shape.
The pair may continue its uptrend on Monday as the bulls hit the most important resistance at 0,7445.
Bull Market View
- Buy the AUD/USD pair and profit at 0,7445.
- Add a stop-loss to 0,7350.
- Timeline: 1 day
Forex Signal For AUD/USD: The Australian Dollar Increases As It Creates V-Shape.
Bear Market View
- Set sales stop to 0,7350 and profit point to 0,7300.
- Add a stop-loss to 0,7440.
AUD/USD parity rose 3,50% from the lowest level this month to 0,7413, the highest level since March 7th, as investors predicted the Australian Central Bank (RBA) would receive a hawk tone in the next few months.
You may also be interested in: