AUD/USD is testing the resistance at 0.6934, as long as this level holds.
AUD/USD is testing the resistance at 0.6934, as long as this level holds, the price action in the trading range between 0.6864 and 0.6934 could be treated as consolidation for the downtrend from 0.7205, another fall towards 0.6800 could be expected after the consolidation. Key resistance is at 0.6960, only break above this level 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.
Comments
Log in or sign up to join the conversation.