AUDUSD extended its upside movement from 0.5507 to as high as 0.6073.
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AUDUSD extended its upside movement from 0.5507 to as high as 0.6073.
Further rally would likely be seen in a couple of days and next target would be at 0.6200 area. Near term support is at the bottom of the rising price channel on the 4-hour chart, only break below the channel support could trigger another fall towards 0.5500.
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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