AUDUSD continued its downside movement from 0.7729 and the fall extends to as low as 0.7576.
AUDUSD continued its downside movement from 0.7729 and the fall extends to as low as 0.7576.
Near-term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, further decline could be expected and next target would be at 0.7500 area.
Only a clear break above the trend line resistance could signal completion of the downtrend.
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.