AUDUSD extended its upside movement from 0.7501 to as high as 0.7783.
AUDUSD extended its upside movement from 0.7501 to as high as 0.7783. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7850 area.
On the downside, a clear break below the trend line support will indicate that the uptrend is complete, then the pair would find support at around 0.7700, followed by 0.7635.
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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