AUDUSD broke above 0.8038 resistance and extended its upside movement from 0.7501 to as high as 0.8085.
AUDUSD broke above 0.8038 resistance and extended its upside movement from 0.7501 to as high as 0.8085.
As long as the price is above the bullish trend line on the 4-hour chart, further rise is still possible after a minor consolidation and next target would be at 0.8200 area. The key support is at 0.7956, only a breakdown below this level could signal completion of the uptrend.
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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