AUD/USD broke below 0.7322 support and extended its downside movement from 0.7676 to as low as 0.7310.
AUD/USD broke below 0.7322 support and extended its downside movement from 0.7676 to as low as 0.7310. Further decline is still possible and next target would be at 0.7200 area. Near-term resistance is at the falling trend line on the 4-hour chart, only a breakout of the trend line could bring the price back to test 0.7443 key resistance.
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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