AUDUSD’s upside movement from 0.6253 extended to as high as 0.6558.
AUDUSD’s upside movement from 0.6253 extended to as high as 0.6558.
Further rise is still possible in a couple of days and next target would be at 0.6650 area. Near term support is at 0.6480, below this level could bring the price back towards the bottom of the rising price channel on the 4-hour chart.
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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