AUD/USD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642.
AUD/USD’s downside movement from 0.7813 extended to as low as 0.7655, facing the support level at 0.7642. A breakdown below this level could take the price to 0.7500 area. Resistance is at 0.7700, 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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