AUD/USD broke above the resistance of the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.7021 had completed at 0.6831 already.
AUD/USD broke above the resistance of the falling price channel on the 4-hour chart, suggesting that the downside movement from 0.7021 had completed at 0.6831 already. Range trading between 0.6831 and 0.6930 would likely be seen over the next several days.
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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