Forex Signal For AUD/USD: Time to Recover.
Forex Signal For AUD/USD: Time to Recover.
The downtrend is expected to continue as the pair retests the important level at 0,7110.
Bear Market Outlook
- Sell AUD/USD and take a profit at 0,7045.
- Add a stop-loss at 0,7160.
- Timetable: 1-2 days.
Forex Signal For AUD/USD: Time to Recover.
Bull Market Outlook
- Set a buy-stop at 0,7140 and a take profit at 0,7230.
- Add a stop-loss at 0,7080.
AUD/USD rose after strong quarterly retail sales figures from the country as the Australian government pulled back after announcing its reopening plans.
It is trading at 0,7110, which is about 80 basis points above Friday's low last week.
You may also be interested in:
Forex Signal For USD/TRY: No Change at the Beginning of the Week.