AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7159.
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7159.
Deeper decline to test 0.7041 support is still possible and a breakdown below this level could trigger further downside movement to 0.6900 area. Key resistance is at 0.7106, only a break of this level 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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