After consolidation, AUDUSD extended its downside movement from 0.7393 to as low as 0.7087.
After consolidation, AUDUSD extended its downside movement from 0.7393 to as low as 0.7087.
Further decline is still possible in a couple of days next target would be at 0.7050 area.
Near-term resistance is at 0.7140, only a break of this level could signal completion of the downtrend.
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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