AUDUSD’s upside movement from 0.6809 extended to as high as 0.6917.
AUDUSD’s upside movement from 0.6809 extended to as high as 0.6917. Further rise would likely be seen after a minor consolidation and next target would be at 0.6950 area.
Near term support is at 0.6890, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.
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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