AUD/USD continued its downside movement from 0.7235 and the fall extended to as low as 0.7115.
AUD/USD continued its downside movement from 0.7235 and the fall extended to as low as 0.7115. Deeper decline to test 0.7100 support is still possible. As long as this level holds, the downside movement could be treated as correction for the uptrend from 0.6765, a break of 0.7160 resistance could trigger another rise 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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