AUD/USD Forex Signal: Aussie Sell-Off Has More Room to Run

Bearish view

  • Sell the AUD/USD pair and set a take-profit at 0.6800.
  • Add a stop-loss at 0.6900.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 0.6900 and a take-profit at 0.7000.
  • Add a stop-loss at 0.6800.

The AUD/USD price slipped to the lowest level since July 19 as worries about the Chinese economy escalated. The pair also crashed as the US dollar made a spectacular comeback. It dropped to a low of 0.6868, which was lower than this month’s high of 0.7135.

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