Forex Signal For AUD/USD: Top of Bullish Breakout at 0,7055
Forex Signal For AUD/USD: Top of Bullish Breakout at 0,7055
The pair will likely continue to rise as long as the bulls aim the next key resistance at 0,7055
Bull Market Outlook
- Buy the AUD/USD pair and take a profit at 0,7055.
- Add a stop-loss at 0,6940.
- Timeline: 1 day.
Forex Signal For AUD/USD: Top of Bullish Breakout at 0,7055
Bear Market Outlook
- Set sell stop at 0.6950 and take profit at 0,6875.
- Add a stop-loss at 0,7060.
AUD/USD price recovered as the US dollar retreated and climbed to 0,7000, its highest point since August 2nd.
It also rebounded more than 1,85% from Friday's low after the US released strong employment data.
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