AUD/USD broke below the bullish trend line on the 4-hour chart and extended its downside movement from 0.7916 to as low as 0.7770.
AUD/USD broke below the bullish trend line on the 4-hour chart and extended its downside movement from 0.7916 to as low as 0.7770. Further decline could be expected after a minor consolidation and next target would be at 0.7712 support. Resistance is now at 0.7815, as long as this level holds, the downside will continue.
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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