AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694.
AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694. The sideways movement is likely consolidation of the uptrend from 0.7501 and a breakout of 0.7694 could take price to 0.7800 area.
On the downside, a breakdown below 0.7635 support could bring the price back to next support level at 0.7580. Below here would aim 0.7501 previous low.
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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