AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031.
AUDUSD stays below the falling trend line on the 4-hour chart and remains in the downtrend from 0.7031. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.6800 area.
Key resistance is at 0.6885, a breakout of this level could bring the price back into 0.6920 zone.
Futures, options, stocks, ETFs and over the counter foreign exchange products may involve substantial risk and may not be suitable for all investors. Leverage can work against you as well as for you. You should therefore carefully consider your investment experience as well as financial condition before deciding if trading is suitable for you.
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