AUD/USD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7003 had completed at 0.7168 already.
AUD/USD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7003 had completed at 0.7168 already. Further decline is still possible and next target would be at 0.7000 area. Resistance is at 0.7100, a break of this level could bring the price back to 0.7140 area.
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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