AUD/USD’s upside movement from 0.6898 extended to as high as 0.7003.
AUD/USD’s upside movement from 0.6898 extended to as high as 0.7003. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 0.7050 area. Key support is at 0.6955, only a break down below this level could bring the price back to 0.6900 area.
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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