AUD/USD Forex Signal: More Gains Possible Ahead of RBA Decision

James Rogers 1 sierpnia, 2022 in Forex Tagged AUD, RBA, USD - 0 Minutes

Bullish View

Buy the AUD/USD pair and set a take-profit at 0.7100.
Add a stop-loss at 0.6950.
Timeline: 1-2 days.

Bearish View

Set a sell-stop at 0.6950 and a take-profit at 0.6850.
Add a stop-loss at 0.7025.

The AUD/USD pair held steady on Monday morning as the market waited for the upcoming interest rate decision by the Reserve Bank of Australia (RBA). The Australian dollar is trading at 0.6990, which is significantly above last month’s low of 0.6685.