AUD/USD extended its downside movement from 0.6773 to as low as 0.6709.
AUD/USD extended its downside movement from 0.6773 to as low as 0.6709. As long as the price is below the trend line on the 4-hour chart, the downside movement could be expected to continue and next target would be at 0.6670 support. On the upside, a break of the trend line resistance would indicate that the downtrend is complete, then another rise towards 0.6800 could be seen.
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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