AUDUSD - Bearish Breakout Confirmed
The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop at 0.6480 and a take-profit at 0.6550
- Add a stop-loss at 0.6400
Guys, what do you think? Leave a comment with your thoughts.
Bearish view:
- Sell the AUD/USD pair and set a take-profit at 0.6425
- Add a stop-loss at 0.6525
Bullish view:
- Set a buy-stop at 0.6480 and a take-profit at 0.6550
- Add a stop-loss at 0.6400
Guys, what do you think? Leave a comment with your thoughts.
Trade fechado: objetivo atingido