AUD/USD broke below 0.7236 support, suggesting that the upside movement from 0.7085 had completed at 0.7314 already.
AUD/USD broke below 0.7236 support, suggesting that the upside movement from 0.7085 had completed at 0.7314 already. Further decline could be expected in a couple of days and next target would be at 0.7150 area. Near term resistance is at 0.7250, as long as this level holds, the downtrend 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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