AUD/USD is facing 0.7235 resistance, a breakout of this level would indicate that the downside movement from 0.7381 had completed at 0.7085 already, then next target would be at 0.7300 area.
AUD/USD is facing 0.7235 resistance, a breakout of this level would indicate that the downside movement from 0.7381 had completed at 0.7085 already, then next target would be at 0.7300 area. Near term support is at 0.7160, only a breakdown below this level could trigger another fall towards 0.7100.
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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