Forex Signal For AUD/USD: Volatility in Front of RBA Decision
Forex Signal For AUD/USD: Volatility in Front of RBA Decision
As investors assess the impact of SWIFT sanctions on the global economy, they are likely to remain on a modest course today.
Bear Market Outlook
- Sell AUD/USD pair and set 0,7100 margin
- Add a stop-loss to 0,7250.
- Timeline: 1-2 days.
Forex Signal For AUD/USD: Volatility in Front of RBA Decision
Bull Market Outlook
- Buy-stop at 0,7200 and profit at 0,7300.
- Add a stop-loss to 0,7170.
On Monday morning, investors in the AUD/USD couple, in which the instability was somewhat felt, are considering the impact of a recent ban introduced by some Russian banks in the SWIFT system. Meanwhile, Reserve Bank of Australia (RBA) and key economic data expect a decision on interest rates soon.
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