Signal For AUD/USD: Parity Looks More Positive After Strong Australian Business Data
Signal For AUD/USD: Parity Looks More Positive After Strong Australian Business Data
As the bulls target the next major resistance of 0,7400, the two will probably continue to increase.
Bull Market View
- Buy AUD/USD and profit for 0,7400
- Add a stop-loss to 0,7250.
- Timeline: 1-2 days.
Signal For AUD/USD: Parity Looks More Positive After Strong Australian Business Data
Bear Market Outlook
- Stop sales and set 0,7250 and buyer-profit ratio to 0,7200.
- Add a stop-loss to 0,7320.
The AUD/USD price continues to be traded approximately 2% above this week’s lowest level on Thursday morning, reflecting strong business data by investors and the Federal Reserve decision at 0,7314 in Australia.
You may also be interested in: