AUDUSD’s upside movement from 0.7501 extended to as high as 0.8135.
AUDUSD’s upside movement from 0.7501 extended to as high as 0.8135.
As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and a breakout of 0.8135 resistance could take price to 0.8200 area.
Only a clear break below the trend line support could signal completion of the uptrend.
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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