AUD/USD failed to break above 0.7206 resistance and pulled back from 0.7198. Deeper decline would likely be seen and next target would be at 0.7080 area. Only a break above 0.7206 resistance could trigger another rise towards 0.7300.

AUD/USD failed to break above 0.7206 resistance and pulled back from 0.7198.
AUD/USD failed to break above 0.7206 resistance and pulled back from 0.7198. Deeper decline would likely be seen and next target would be at 0.7080 area. Only a break above 0.7206 resistance could trigger another rise towards 0.7300.

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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