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Forex Signal for AUD/USD: Weakness Continues in New COVID Wave

Forex Signal for AUD/USD: Weakness Continues in New COVID WaveForex Signal for AUD/USD: Weakness Continues in New COVID WaveForex Signal for

Forex Signal for AUD/USD: Weakness Continues in New COVID Wave
Yazar: Ross Sutton

Yayınlanma: 19 Temmuz 2021 18:24

Güncellenme: 8 Kasım 2024 12:41

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.   audusd-19072021  

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