AUD/USD broke below 0.7412 support. Resistance is at 0.7480, as long as this level holds, the downtrend from 0.7676 could be expected to continue and further decline towards 0.7300 is possible.
AUD/USD broke below 0.7412 support. Resistance is at 0.7480, as long as this level holds, the downtrend from 0.7676 could be expected to continue and further decline towards 0.7300 is possible. Only a breakout of 0.7480 resistance could signal completion of the downtrend.
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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