AUDUSD is in consolidation for the downtrend from 0.6929. Range trading between 0.6769 and 0.6840 would likely be seen in the coming days.
AUDUSD is in consolidation for the downtrend from 0.6929. Range trading between 0.6769 and 0.6840 would likely be seen in the coming days.
Resistance is at 0.6840, as long as this level holds, the downtrend could be expected to resume, and another fall towards 0.6700 is possible after the consolidation.
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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