AUDUSD failed to breakout of 0.7235 resistance and dropped sharply to 0.7140 area.
AUDUSD failed to breakout of 0.7235 resistance and dropped sharply to 0.7140 area.
Further decline to test 0.7085 support is possible in the coming days, a breakdown below this level could trigger further downside movement towards 0.7000.
Near-term resistance is at 0.7180, only a break of this level could bring the price back to retest 0.7235 resistance.
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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