AUD/USD extended its upside movement from 0.6831 to as high as 0.7009.
AUD/USD extended its upside movement from 0.6831 to as high as 0.7009. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7050 area. On the downside, a breakdown below the channel support could bring the price back towards 0.6940.
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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