AUD/USD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7168 had completed at 0.7052 already.
AUD/USD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 0.7168 had completed at 0.7052 already. Another rise towards 0.7200 would likely be seen in the coming days. Support is at 0.7052, below this level could trigger further downside movement towards 0.7000.
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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