AUD/USD extended its downside movement from 0.7021 to as low as 0.6913.
AUD/USD extended its downside movement from 0.7021 to as low as 0.6913. Further decline is still possible after a minor consolidation and next target would be at 0.6860 area. Near term resistance is at 0.6950, only break above 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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