Forex Signal For AUD/USD: Trending Down Before RBA Decision.
Forex Signal For AUD/USD: Trending Down Before RBA Decision.
There is a possibility that the pair will pull back and retest the bottom of the channel at 0,7175
Bear Market Outlook
- Sell the AUD/USD pair and take a profit at 0,7150.
- Add a stop-loss at 0,7245.
- Timetable: 1 day.
Forex Signal For AUD/USD: Trending Down Before RBA Decision.
Bull Market Outlook
- Set a buy-stop at 0,7235 and a take profit at 0,7300.
- Add a stop-loss at 0,7160.
The AUD/USD pair has retreated over the past few days as the US dollar pulls back and investors wait for the RBA's upcoming interest rate decision, while the pair also fell slightly after the US employment figures.
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