AUD/USD extended its downside movement from 0.7198 to as low as 0.7004.
AUD/USD extended its downside movement from 0.7198 to as low as 0.7004. As long as 0.7051 resistance holds, the downside movement could be expected to continue and next target would be at 0.6950 area. Only a break of 0.7051 resistance could signal completion of the downtrend.
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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