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@rosefx03
3 536
GBP/USD Forex Signal: Relief Rally Likely After Fed Dip
While the overall outlook for the pair is bearish, we can’t rule out a situation where the pair bounces back as traders fade the dollar rally.
Bearish View
Set a sell-limit at 1.4037 and a take-profit at 1.3960.
Add a stop-loss at 1.3950.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 1.4050 and a take-profit at 1.4120.
Add a stop-loss at 1.4000.
The GBP/USD pair crashed after the latest Federal Reserve interest rate decision. The pair declined to 1.3970, which was 1.15% below the highest level yesterday and 1.80% below the year-to-date high.
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AUD/USD Forex Signal: Extremely Bearish Below 0.7675
The pair will likely keep falling as bears target the next key support at 0.7646.
Bearish View
Set a sell-stop at 0.7675 and a take-profit at 0.7645.
Add a stop-loss at 0.7750.
Timeline: 1-2 days.
Bullish View
Set a buy-stop at 0.7715 and a take-profit at 0.7850.
Add a stop-loss at 0.7650.
The AUD/USD pair tilted upwards after the positive news from Victoria. The pair rose to 0.7692, which was higher than Wednesday’s low of 0.7675.
