AUDUSD broke below 0.7345 support, suggesting that the downside movement from 0.7676 has resumed.
AUDUSD broke below 0.7345 support, suggesting that the downside movement from 0.7676 has resumed.
Further decline could be expected and next target would be at 0.7200 area.
Resistance is at 0.7390, only a break of this level could bring the price back towards 0.7500.
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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