AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.6832 to as high as 0.7146.
AUDUSD broke above 0.7063 resistance and extended its upside movement from 0.6832 to as high as 0.7146.
Further rise could be expected after a minor consolidation and next target would be at 0.7250 area.
Near term support is at 0.7080, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.
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.