AUDUSD remains in the downtrend from 0.7916. Further decline could be expected in a couple of days and next target would be at 0.7600 area.
AUDUSD remains in the downtrend from 0.7916. Further decline could be expected in a couple of days and next target would be at 0.7600 area.
Near-term resistance is at 0.7745, only a breakout of this level could indicate that consolidation for the downtrend is underway, then further rally to 0.7770 area 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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