AUD/USD extended its downside movement from 0.7676 to as low as 0.7625, facing the 0.7412 support.
AUD/USD extended its downside movement from 0.7676 to as low as 0.7625, facing the 0.7412 support. A breakdown below this level could trigger further downside movement towards 0.7300. Resistance is at 0.7520, 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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