AUDUSD remains in the uptrend from 0.6765, the pullback from 0.7235 is likely consolidation for the uptrend.
AUDUSD remains in the uptrend from 0.6765, the pullback from 0.7235 is likely consolidation for the uptrend.
Range trading between 0.7100 and 0.7235 is possible in a couple of days.
As long as 0.7100 support holds, the uptrend could be expected to resume, a break of 0.7235 resistance could trigger another rise towards 0.7300.
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.
Comments
Log in or sign up to join the conversation.