AUDUSD broke above 0.7560 resistance, suggesting that the downside movement from 0.7813 had completed at 0.7412 already.
AUDUSD broke above 0.7560 resistance, suggesting that the downside movement from 0.7813 had completed at 0.7412 already.
Further rise is still possible after a corrective consolidation and next target would be at 0.7650 area. Support levels are at 0.7490 and 0.7450, only break below these levels could trigger another downside movement 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.
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