AUDUSD extended its downside movement from 0.6882 to as low as 0.6810.
AUDUSD extended its downside movement from 0.6882 to as low as 0.6810. As long as the price is below the bearish trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6780 area.
On the upside, a breakout of the trend line resistance would indicate that the downside movement is complete, then another rise towards 0.6900 could be seen.
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.
Comments
Log in or sign up to join the conversation.