AUDUSD extended its downside movement from 0.6929 to as low as 0.6821.
AUDUSD extended its downside movement from 0.6929 to as low as 0.6821.
Further decline would likely be seen in a couple of days and next target would be at 0.6800 area. Resistance is at 0.6865, a break of this level could bring the price back into 0.6900 zone.
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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