AUD/USD’s bounce from 0.7759 extended to as high as 0.7876. Further rise to test 0.7910 resistance is still possible.
AUD/USD’s bounce from 0.7759 extended to as high as 0.7876. Further rise to test 0.7910 resistance is still possible. A breakout of this level could trigger further upside movement towards 0.7970. Near term support is at 0.7825. A breakdown below this level could bring price back towards 0.7759 support.
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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