AUD/USD extended its upside movement from 0.7054 to as high as 0.7160.
AUD/USD extended its upside movement from 0.7054 to as high as 0.7160. Further rally is still possible and next target would be at 0.7200 area. On the downside, a breakdown below 0.7110 support would indicate that the upside movement had completed at 0.7160 already, then deeper decline towards 0.7054 support 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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