Forex Signal for AUD/USD: Weakness Continues in New COVID Wave
Forex Signal for AUD/USD: Weakness Continues in New COVID Wave
As the new wave continues, the pair will likely continue to decline as it targets the key support level at 0,7300.
Bear Market Outlook
- To take a profit of 0,7300, enter the AUD/USD pair sell.
- Add a stop-loss at 0,7440.
- Timetable: 1 day.
Forex Signal for AUD/USD: Weakness Continues in New COVID Wave
Bull Market Outlook
- Set a buy-stop at 0,7400 and a take profit at 0,7480.
- Add a stop-loss at 0,7350.
Due to a new wave of coronavirus seen in Australia, the AUD/USD pair fell to its lowest level since December last year. . The pair dropped to 0,7377, which is about 0.90 % below Friday's high.
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