Tuesday, 23 July 2024

AUD/USD Outlook: Downtrend Extends into Sixth Consecutive Day

by BD Banks

AUDUSD hit three-week low on Monday after recovery attempts overnight were short-lived and bears regained full control. The pair remains in a steep downtrend for the sixth straight day and retraced so far 61.8% of 0.6575/0.6798 rally. Last week’s 1.3% fall left large bearish candle (the first week in red after five consecutive weeks of […]

The post AUD/USD Outlook: Downtrend Extends into Sixth Consecutive Day appeared first on Action Forex.

signup-banner

Loading